Sinopec Engineering: Subsidiary wins bid for $2.122 billion Iraq project by Total Energy.

Sinopec Engineering Corporation announced that its fully-owned subsidiary Pipeline Bureau Engineering Company has signed an EPSCC contract with TotalEnergies for the midstream pipeline project in the Atavi oil field in Iraq, with a contract value of 294 million US dollars. The contract is to be completed within 33 months of its effective date to achieve trial operation conditions, 36 months to meet temporary acceptance conditions, and 38 months to submit completion materials, followed by a 24-month warranty period. This project is an important part of TotalEnergies' multi-energy integrated natural gas growth comprehensive project operated in Iraq, aiming to enhance the country's power supply capacity through the development of Iraq's natural resources. The smooth implementation of the contract will have a positive impact on the company's future 3-4 years of operating income and total profit.