Saudi Aramco has signed a series of contracts worth US$57mn with Saudi Steel Pipes (SSP) for the supply of welded steel pipes used in the lining of oil wells and gas pipelines
SSP was awarded four contracts by the oil giant for the supply of the pipes that will be utilised in the extraction of oil, natural gas and the transportation of oil to refineries.
In a statement, SSP said it would begin manufacturing the pipes in Q1 2013 at its facility in Damman using raw materials supplied by Saudi Basic Industries Corp (Sabic).
Aramco also recently agreed a deal with Quadrise Fuels to implement the British firm?s MSAR technology in the Saudi Arabian company's refineries, providing it with a low-cost alternative to heavy fuel oil in the shipping, refining and power generation markets.
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