Core Viewpoint - The company has signed an EPSCC contract with TotalEnergies for the Atawi Gas Processing Plant project in Iraq, valued at $1.601 billion (approximately 11.538 billion RMB), which is expected to positively impact the company's revenue and profit over the next 4-5 years [1][2]. Group 1: Project Details - The Atawi GPP project involves the construction of a gas processing facility with a capacity of 320 million standard cubic feet per day (MMSCFD) and is scheduled for temporary acceptance within 39 months [2]. - The contract includes a warranty period of 24 months [2]. Group 2: Counterparty Information - TotalEnergies is a global energy company based in Paris, France, involved in the production and sale of various energy products, including oil, biofuels, natural gas, renewable energy, and electricity, operating in over a hundred countries [2]. Group 3: Impact on the Company - Successful implementation of the project will strengthen the company's position in the oil and gas field engineering market in Iraq and the Middle East, contributing positively to revenue and profit over the next 4-5 years [2]. - The project will not affect the company's independence, and its main business will not become dependent on this project [2].

Core Viewpoint - China Petroleum Engineering has received a contract award letter for the Iraq Atawi oil field natural gas midstream pipeline EPSCC project, with an estimated contract value of approximately 2.94 billion USD (about 21.22 billion RMB) [1] Group 1: Contract Details - The contract is awarded by TotalEnergies to China Petroleum Pipeline Engineering Co., Ltd., a wholly-owned subsidiary of China Petroleum Engineering [1] - The project is expected to positively impact the company's revenue and profit over the next 3-4 years if the contract is formally signed and successfully implemented [1] Group 2: Market Implications - Successful execution of this project will help the company consolidate and expand its oil and gas transportation engineering business in Iraq and the broader Middle East region [1]