RIYADH: The Saudi Steel Pipe Co. has
completed a deal to supply oil and gas steel pipes to Uruguay's Tenaris Global
Services.
The deal, which is valued at SR94.7 million ($25 million), is expected
to have a financial impact in the second half of this year, the company said in
a bourse filing.
In March, Saudi Steel signed a deal with Uruguay's Tenaris Global
Services to supply it with oil and gas steel pipes valued at SR139 million ($37
million).
In Sunday's trading, Saudi-based pipe manufacturers closed up 0.46
percent, at SR22.08.