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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 shared an announcement.

Sinopec Oilfield Service Corporation’s subsidiary recently secured a contract for the construction of a 120-kilometer section of the Yongshao natural gas pipeline, valued at RMB858 million. This project is expected to enhance the energy infrastructure in Zhejiang Province and contribute to the national natural gas network, showcasing Sinopec’s expertise in petroleum engineering.

The most recent analyst rating on (HK:1033) stock is a Hold with a HK$1.00 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 China, specializing in petroleum engineering construction. The company focuses on providing oilfield services and engineering solutions, playing a significant role in the energy sector.

Average Trading Volume: 152,808,118

Technical Sentiment Signal: Buy

Current Market Cap: HK$35.44B

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

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