CNPC Engineering wins contract for $2.524 billion Iraq seawater pipeline project
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Recently, CNPC Engineering won a bid for an Iraqi seawater pipeline project. According to the announcement issued by CNPC Engineering regarding the award of a project to one of its subsidiaries, China National Petroleum Pipeline Bureau Engineering Co., Ltd., a wholly-owned subsidiary of the company, has received a contract from the client, Basra Oil Company in Iraq, for the general contracting of a seawater transmission pipeline project in Basra Province, Iraq. The main tasks involved in this project include constructing main pipelines that carry seawater to various connection stations, as well as branch pipelines from these connection stations to the oil fields, along with related surface facilities. The value of the contract is 2.524 billion US dollars (approximately 18.032 billion yuan), and the project duration is 54 months (42 months for design, procurement, construction, and commissioning, plus 12 months for operation, maintenance, and training).
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