Sinopec Engineering: Subsidiary Signs $513 Million UAE LNG Pipeline Project Contract.

CNOOC Engineering announced that its wholly-owned subsidiary, Pipeline Bureau Engineering Company, has signed an EPC contract with ADNOCGas for the Bab and Bu Hasa gas pipeline project in Abu Dhabi, United Arab Emirates. The contract amount is 513 million US dollars. The contract period is 36 months for construction and commissioning, followed by a 12-month warranty period. This contract will not have a significant impact on the company's performance this year, but is expected to have a positive impact on future revenue and profits for the next 3-4 years.