As drilling activity increases, Saudi Arabian Oil Company (Saudi Aramco)'s demand for steel pipes is increasing. Aramco signed a steel pipe supply contract worth SAR 54 million with Arabian Pipes Company (APC) again in a week.

Prior to this, the two parties signed a steel pipe and coating contract worth SAR 204 million.

The 10-month agreement was inked on September 19. The deal will reflect on its financial results for the second quarter of 2024.