Saudi firm bags $14m contract to supply steel pipes to Uruguay

The supply contract will run for three months

  
Image used for illustrative purpose. Stainless Steel pipes - Engineering Workshop, Port Elizabeth, South Africa.

Image used for illustrative purpose. Stainless Steel pipes - Engineering Workshop, Port Elizabeth, South Africa.

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DUBAI: The Saudi Steel Pipe Company has won orders worth SR52.4 million ($13.96 million) to supply steel pipes for oil and gas to Uruguay-based Tenaris Global Services.

The supply contract will run for three months, the company said in a bourse filing.

The impact of the deal will reflect in the company’s first-quarter earnings next year.

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