CPEC(SH:600339) news flash·2025-05-14 11:03Core Viewpoint - China Petroleum Engineering has secured a contract for the construction of a gas processing plant in Iraq, valued at approximately $1.601 billion, which is expected to enhance its market position in the Middle East and positively impact future revenues and profits [1]. Group 1: Project Details - The project involves the construction of a gas processing facility with a daily processing capacity of 320 million standard cubic feet (MMSCFD) [1]. - The contract amount is approximately $1.601 billion, equivalent to about 11.538 billion RMB [1]. Group 2: Strategic Implications - Successful signing and implementation of the project will strengthen the company's presence in Iraq and the broader Middle Eastern onshore oil and gas field engineering market [1]. - The project is anticipated to have a positive impact on the company's operating revenue and total profit over the next 4-5 years [1].