Saudi Steel Pipe Co. (SSP) has secured a contract for the supply of oil and gas steel pipes to Saudi Aramco, according to a Tadawul statement.
The 12-month contract is worth around approximately SAR 127 mln (USD 33.8 mln), the company said.
This order is expected to be reflected on H1 2027 financials, SSP said.
SSP manufactures and supplies electrically resistance welded (ERW) steel pipes for the energy, industrial and construction sectors across the Middle East and North Africa. Its product range includes oil country tubular goods (OCTG), line pipes, API and premium connections, accessories and related services. The company has an annual capacity of over 400,000 tons, producing pipes from 1/2 inch to 20 inches OD, with coating services up to 30 inches and bending capabilities up to 60 inches OD. In January 2019, Tenaris acquired a 47.79pct stake in SSP for around USD 141 mln, after which the company was rebranded as TenarisSaudiSteelPipes.
1 USD / 3.75 SAR
