Sinopec Oilfield Service ( (HK:1033) ) has shared an announcement.
Sinopec Oilfield Service Corporation has announced the provision of guarantees for its wholly-owned subsidiaries and a joint venture, Mexico DS Company, to support international market expansion and operational activities. The guarantees, approved by the company’s board and shareholders, aim to facilitate tender bidding and contract performance, with a maximum liability of RMB28.5 billion for credit guarantees and RMB23 billion for performance guarantees for subsidiaries, and US$275 million for the joint venture.
More about Sinopec Oilfield Service
Sinopec Oilfield Service Corporation is a joint stock limited company based in China, primarily engaged in providing oilfield services. The company focuses on market expansion and operational needs in the international oilfield services sector.
YTD Price Performance: 11.25%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.08B
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