SINOPEC SEG (02386) signed an EPC engineering, procurement, and construction contract for the Kazakhstan Dineene and Rubber Project with a total contract value of approximately $1.093 billion.

SINOPEC SEG (02386) announced that recently, the Group signed an EPC Engineering, Procurement, and Construction contract with Kazakhstan Butadiene Limited Liability Company (hereinafter referred to as the "project owner") for the Butadiene and Rubber project in Kazakhstan (hereinafter referred to as "the project"). According to the contract, the Group will provide EPC engineering services for the construction of the project, including engineering design, procurement, and construction of related process units, utilities, and auxiliary facilities. The contract is valued at approximately $1.093 billion. The total value of the contract will be accounted for in the Group's backlog. The project is located in the Atyrau region of Kazakhstan, and the project owner is a wholly-owned subsidiary of the Samruk-Kazyna Fund of Kazakhstan. The project focuses on the production of Butadiene rubber, with a capacity to produce 300,000 tons of rubber annually once completed.