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Sinopec Secures Major Pipeline Construction Contract

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Sinopec Secures Major Pipeline Construction Contract

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Sinopec Oilfield Service ( (HK:1033) ) has provided an update.

Sinopec Oilfield Service Corporation’s subsidiary, Sinopec Oil Engineering and Construction Corporation, has secured a significant contract for sections of the Changchun-Shijiazhuang Natural Gas Pipeline project, valued at RMB3.597 billion. This project, which spans approximately 659 kilometers, highlights the company’s expertise in petroleum engineering and construction management. However, the contract is yet to be formally executed, indicating potential uncertainties and risks for investors.

The most recent analyst rating on (HK:1033) stock is a Buy with a HK$0.92 price target. To see the full list of analyst forecasts on Sinopec Oilfield Service stock, see the HK:1033 Stock Forecast page.

More about Sinopec Oilfield Service

Sinopec Oilfield Service Corporation is a joint stock limited company based in the People’s Republic of China, operating in the petroleum engineering construction industry. It primarily focuses on providing oilfield services, including engineering and construction, to the oil and gas sector.

Average Trading Volume: 144,472,632

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$34.38B

Find detailed analytics on 1033 stock on TipRanks’ Stock Analysis page.

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