CPEC(SH:600339) 智通财经网·2025-09-25 11:12Core Viewpoint - China National Petroleum Engineering Co., Ltd. (referred to as "the company") has signed an EPC contract worth $2.524 billion (approximately 18.032 billion RMB) with Basra Oil Company (referred to as "BOC") for the seawater pipeline project in Basra, Iraq [1] Summary by Relevant Sections Contract Details - The contract duration is 54 months, which includes 42 months for design, procurement, construction, and trial operation, followed by 12 months for operation maintenance and training [1] - The contract amount is significant, indicating a major project for the company [1] Financial Impact - The execution of the contract will not have a significant impact on the company's total assets, net assets, and net profit for the current year [1] - However, the long-term nature of the contract is expected to positively influence the company's operating revenue and total profit over the next 4-5 years [1]