Industry, Logistics & Shipping

East Pipes secures $203.3m Saudi Aramco supply contract

RIYADH
East Pipes secures $203.3m Saudi Aramco supply contract

Saudi-based East Pipes Integrated Company for Industry has announced that it has secured a contract worth SAR771 million ($203.3 million) from Saudi energy giant Aramco for the manufacture and supply of steel pipes for key projects in the kingdom. 

Founded in 2010 at Dammam in the kingdom's Eastern Province, East Pipes has today become a major manufacturer of spiral steel pipes. It presently offers helical submerged arc welded (HSAW) pipes, used in transport, water, oil and gas and other sectors, to customers worldwide.

The entire supply work will be completed within a six-month period, stated East Pipes in its filing to the Saudi bourse Tadawul.

The financial impact of the contract will be reflected from Q4 2026/27 through Q1 2027/28, it added.

This is East Pipes’ second contract with Aramco in a week as the company had clinched a contract with Aramco worth SAR20 million on September 15.-TradeArabia News Service