Arabian Pipes secures $78m supply deal from Denys Arabia
RIYADH, 3 days ago
Arabian Pipes Company, a key manufacturer of welded steel pipes for oil and gas sector, has announced that it has secured a contract worth SAR293 million ($78 million) from Denys Arabia, a leading player in the onshore pipeline construction activities, for one of its projects.
Arabian Pipes is a leading manufacturer of welded steel pipes for oil and gas sector as well as for structural and commercial utilisation with sizes range from 6 to 48 inch.
It owns and operates two factories in the kingdom that has a total average capacity to 460,000 tonne per year.
Under this deal, will Arabian Pipes Company will supply steel pipes to Denys Arabia for its Jafurah Pipelines Phase II project, said the company in its filing to the Saudi bourse Tadawul.
The entire contract will be completed within a 10-month period, it stated.
The financial impact of the contract win will be experienced in Q4 2024 to Q2 2025.-TradeArabia News Service
