China Petroleum Engineering & Construction Corp (600339.SH) announced that its wholly-owned subsidiary, China Petroleum Engineering & Construction Corporation, signed an EPSCC contract with TotalEnergies for the Attawi Oilfield Gas Processing Plant Project in Iraq, with a contract value of $1.601 billion (approximately 11.538 billion yuan). The execution of this contract will not have a significant impact on the company's total assets, net assets, and net profit for the current year, but it will have a certain positive impact on the company's operating revenue and total profit over the next 4-5 years.
China Petroleum Engineering & Construction Corporation: Subsidiary Wins Bid for Iraq's Attawi Oilfield Gas Processing Plant Project with Contract Value of 11.538 Billion Yuan
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.
For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn