Sinopec Engineering (600339.SH) subsidiary signs $513 million USD UAE LNG pipeline project contract.

Uptick Financial News APP, China Petroleum Engineering (600339.SH) announced that its wholly-owned subsidiary, China Petroleum Pipeline Bureau Engineering Co., Ltd. (referred to as "Pipeline Bureau Engineering Company"), recently signed an EPC contract with ADNOC Gas Operations & Marketing L.L.C. (referred to as "ADNOC Gas") for the EPC contract for the Bab and Buhasa gas pipeline mega package project in the Bab and Buhasa oil fields of the Arab Emirates Abu Dhabi Gas Company (referred to as the "UAE LNG Transport Pipeline Project"). The contract amount is 513 million US dollars (approximately 3.688 billion RMB converted at the exchange rate on the project award date).