Saudi Aramco signs 8-month contract with East Pipes Integrated Co and Group Five Pipe

Saudi Aramco, Saudi Arabia's major oil and gas company, which last month signed a contract with East Pipes Integrated Co and Group Five Pipe Saudi for the supply of steel pipes, which resulted in a 9.93% increase in the shares of East Pipes Integrated and a 4.86% increase in the shares of Group Five Pipe Saudi, has again signed an 8-month contract with Saudi Aramco for the supply of steel pipes by East Pipes Integrated Co and Group Five Pipe Saudi. The contract is worth SAR 206.1 million ($54.95 million) to East Pipes Integrated Co and SAR 113.1 million ($30.16) to Group Five Pipe Saudi Company for the production and supply of spiral welded steel pipes for Aramco's project in the Eastern Region.