Chinese Firm Wins Bid for $294m Iraq Pipeline Project
China Petroleum Engineering Corporation (CPEC) has announced that its wholly owned subsidiary, China Petroleum Pipeline Engineering has received a letter of award from France's TotalEnergies for a major gas infrastructure project in Iraq.
The Artawi [Ratawi] GMP EPSCC Project, commissioned by TotalEnergies, involves the construction of midstream gas pipeline facilities linking the Majnoon and West Qurna 2 oilfields to a new gas processing plant in Artawi. It includes:
a 114-kilometre, 26-inch sour gas pipeline,
an 83-kilometre, 20-inch sour gas pipeline,
three additional export pipelines, and
associated valve stations and facilities.
The project is valued at approximately $294 million [around 385 billion IQD], with a planned duration of 36 months.
According to the company, if the contract is formally signed and successfully implemented, it is expected to contribute positively to China Petroleum Engineering's revenue and profits over the next three to four years, and further strengthen its position in the oil and gas pipeline engineering market in Iraq and the wider Middle East.
The project is currently in the pre-contract award phase, and the final contract terms remain subject to confirmation. The company has warned that factors such as political, social or market conditions in Iraq, or the project owner's financing arrangements, could affect contract finalisation and execution.
China Petroleum Engineering Corporation is a subsidiary of China National Petroleum Corporation (CNPC).
Click here to view original announcement [Chinese]
(Source: China Petroleum Engineering)
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