Saudi Aramco awards 2 steel pipe supply contract worth $55mln

Contracts awarded to local manufacturers

Oil giant Saudi Aramco has awarded steel pipe manufacturing and supplying contracts worth 206.1 million Saudi riyals ($54.95 million) to two Saudi-listed companies. East Pipes Integrated Company for Industry bagged a SAR93 million contract for manufacturing and supplying steel pipes to Aramco, the company said in a statement to the Saudi stock exchange. The duration of the contract is eight months. Separately, Group Five Pipe Saudi Company won a SAR113.1 million contract to manufacture and supply spiral-welded steel pipes for Aramco's project in the Eastern Region, it said in an Arabic statement to the Saudi bourse. The duration of the contract was not given. (Writing by D Madhura; Editing by Anoop Menon)

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