[Haichuan Overseas Engineering] CNPC Engineering Pipeline Bureau, in partnership with CITIC Construction, won the bid for the Kazakhstan ethane and propane project worth approximately 3.003 billion yuan
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CNPC Engineering (600339) announced on November 11 that recently, a consortium composed of the company’s wholly-owned subsidiary China National Petroleum Pipeline Bureau Engineering Co., Ltd., its wholly-owned subsidiary CPPE (Kazakhstan) Ltd., and CITIC Construction Co., Ltd., received a bid award from **Kazakhstan Oil, Gas and Chemicals Company for the EPC project of the single-corridor ethane and propane pipeline in Atyrau Region, Kazakhstan (referred to as the “Kazakhstan Ethane and Propane Project”). The main tasks involved constructing an ethane pipeline with a length of 211.17 kilometers and a propane pipeline with a length of 218.7 kilometers. The value of the contract was 424 million US dollars (approximately 3.003 billion RMB), and the planned completion time, once the project meets the pre-acceptance criteria, is 36 months from the date the start order is issued.
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