Sinopec Engineering (600339.SH), a subsidiary of CNPC, plans to contribute 40 million yuan to establish China Petroleum (Beijing) Project Management Co., Ltd.

Wisdom News APP, CNOOC Engineering (600339.SH) announced that, according to the company's overall development plan, its wholly-owned subsidiary, China National Oil Corporation Engineering Co., Ltd. (hereinafter referred to as "CNOOC Engineering Ltd."), will contribute RMB 40 million to establish PetroChina (Beijing) Project Management Co., Ltd., and will hold 100% of its equity. After the establishment of the project management company, it will integrate the company's project management related business, actively develop whole-process engineering project consulting business, vigorously promote green, low-carbon, and digital transformation, and accelerate the creation of a world-class engineering project management service provider. Subsequently, the company will timely deregister the Beijing Project Management Branch of China National Oil Corporation Engineering Co., Ltd.