Saudi Steel Pipe seals over $25mln supply deal with Uruguay’s TGS

Under the five-month agreement, the Saudi firm will provide TGS with oil and gas steel pipes

Staff Writer, Mubasher

August 1, 2022

PHOTO

Riyadh – Saudi Steel Pipe Company has inked a supply contract worth SAR 94.70 million with Uruguay-based Tenaris Global Services (TGS).

Under the five-month agreement, the Saudi firm will provide TGS with oil and gas steel pipes, according to a recent bourse filing.

Meanwhile, the steel manufacturer pointed out that the deal will reflect on its financials during the fourth quarter (Q4) of 2022 as well as Q1-23.

Last March, the two entities signed a supply deal at a total value of SAR 88.50 million.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.