Saudi Steel Pipe’s subsidiary secures SAR 910M contract with Aramco

Saudi Steel Pipe Co.’s (SSP) consolidated subsidiary, Global Pipe Co., won a contract to supply longitudinally submerged arc welded (LSAW) pipes worth approximately SAR 910 million for Saudi Aramco’s Accelerated Carbon Capture and Storage hub in Jubail.

In a statement to Tadawul, the company said the contract has a duration of 15 months, with the financial impact expected to be partially reflected in the second half and first half of 2025 and 2026, respectively.

There are no related parties to the contract, the statement added.