en.Wedoany.com Reported - Tenaris Saudi Steel Pipes (TenarisSSP, formerly Saudi Steel Pipe Company) has confirmed receiving a steel pipe supply order from Saudi Aramco, with a contract value of approximately 65 million Saudi riyals. The order involves supplying steel pipe products for the oil and gas industry. TenarisSSP expects that revenue from this order will begin to be reflected in the company's profit reports from the second quarter of 2027.

According to a statement submitted by the company to the Saudi Stock Exchange, the agreement was signed on Sunday, with a contract term of up to 12 months. The company's management confirmed that this transaction does not involve related parties. This order secured by TenarisSSP is the latest in a series of steel pipe supply contracts signed with Saudi Aramco this year, further consolidating its business presence in the Saudi oil and gas pipeline supply sector.

Based on information disclosed by the company, the steel pipe products involved in this order will be used for the construction of facilities related to the oil and gas industry. TenarisSSP expects that the financial impact of this order will begin to materialize in the second quarter of 2027. The order amount is approximately 65 million Saudi riyals, which will support the company's business revenue in the coming years.

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