Saudi Steel Pipe Company announced that it has won two contracts for the supply of OCTG steel pipes to Saudi Aramco worth SSR 250 million.

The two deals are the continuation of the contracts that were struck in 2012 and the H1 of 2013 and the work is under way to produce and deliver pipes on a monthly basis. Pipes will be produced for these new contracts by the end of the Q2 of next year and until the Q4 of 2014.

The continuous winning of contracts despite competition with international companies in this field confirms the company's commitment to quality, delivery and competitive price of SSP products.

Pipes for these contracts will be produced at the company pipe factory in Dammam Second Industrial City according to the specifications of Saudi Aramco and the international standards.

The SSP stated that the financial impact will be positive for this contract during the second half of 2014 adding that the raw material will be supplied locally from Saudi Iron and Steel Company, Saudi Basic Industries Corporation.