Sinopec Oilfield Service ( (HK:1033) ) has shared an announcement.
Sinopec Oilfield Service Corporation has announced the continuation of its related transactions with PipeChina for 2025, with an expected annual cap of RMB6.5 billion. This decision follows a significant increase in new contracts in 2024, indicating robust growth and collaboration between the two companies. The transactions are part of normal business operations and are conducted based on fairness and competitive pricing, ensuring no adverse impact on the company’s independence or interests of minority shareholders.
More about Sinopec Oilfield Service
Sinopec Oilfield Service Corporation, established in China, operates in the oilfield services industry. The company focuses on services such as long-distance pipeline construction, natural gas stations construction, pipeline operation, maintenance, and technology services, primarily collaborating with entities like China Oil & Gas Pipeline Network Corporation (PipeChina).
YTD Price Performance: 11.25%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.08B
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