Riyadh – Mubasher: Saudi Steel Pipe Company has been awarded a contract worth SAR 88.5 million to supply oil and gas steel pipes to Uruguay-based Tenaris Global Services (TGS).

The contract duration is three months starting from the signing date on 2 March, according to a bourse disclosure.

The financial impact of the supply deal would appear in the second quarter (Q2) of 2022.

In November 2021, the two parties signed a relevant contract at a value of SAR 52.40 million.