Sinopec Oilfield Service (HK:1033) has released an update.
Sinopec Oilfield Service’s subsidiary has secured a major contract worth RMB4,586 million for the construction of a natural gas pipeline spanning six provinces in China, showcasing its prowess in long-distance pipeline projects. The project, covering approximately 834 kilometers, is expected to bolster the company’s revenue, though it remains subject to final contract execution. Investors are advised to consider potential risks associated with this development.
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