在社会维度，中油工程高度重视员工的发展与福利。2024年，公司员工培训投入同比增长8.74%，培训 覆盖率达到100%，人均培训时长达到了76.49小时。公司精心构建了多层次的培训体系，举办了包 括"市场营销大讲堂"和"项目经理训练营"在内的各类专业培训活动，全面提升了员工的综合素质和专业 技能。 在治理维度，中油工程不断完善治理体系，提升治理效能，各项工作开展扎实且成果显著。2024年，公 司积极推动引入战略投资者，中国石油集团将约占A股总股本8.3%的股份划转给中石化国投并获国资委 批准，股权结构持续优化，治理结构更加多元。 对于未来，中油工程方面表示，将继续秉持可持续发展理念，持续深化在环境、社会和治理方面的实 践，不断提升ESG管理水平，以更加坚定的步伐迈向世界一流能源与化工工程综合服务商的目标，为经 济社会可持续发展贡献更大力量。 （文章来源：证券时报网） 12月8日，由证券时报社主办，五粮液、中泰证券协办的"第十九届上市公司价值论坛暨2025新质生产力 巡礼宜宾行"在四川省宜宾市举行，备受关注的"第十九届上市公司价值评选"榜单也在会上同步揭晓。 油气工程建设龙头中油工程(600339)凭借在环境、 ...

Core Viewpoint - China Petroleum Engineering has received a contract award for the Kazakhstan Ethane-Propane Pipeline project, which is expected to positively impact the company's revenue and profit over the next 3-4 years [1][2]. Group 1: Project Details - The project involves the construction of a 211.17 km ethane pipeline and a 218.7 km propane pipeline, with a total contract value of approximately $424 million (about 3 billion RMB) [1]. - The planned construction period for the project is 36 months from the issuance of the notice to proceed [1]. Group 2: Company Background and Capabilities - China Petroleum Engineering's subsidiary, China Petroleum Pipeline Bureau Engineering Co., Ltd., will lead the project, leveraging its extensive experience in oil and gas transportation engineering in Kazakhstan [2]. - The company has a strong track record in project execution and possesses the necessary technology and resources to meet the project's requirements [2]. Group 3: Financial Performance - In the first three quarters of 2025, the company reported a revenue of 57.53 billion RMB, a year-on-year increase of 12.42%, and a net profit attributable to shareholders of 523 million RMB [2]. - The company signed new contracts worth 99.22 billion RMB in the same period, reflecting a year-on-year growth of 5.25% [2]. Group 4: Emerging Business Developments - In the first half of 2025, the company achieved new contracts worth 20.60 billion RMB in emerging businesses, marking a year-on-year increase of 16.56% [3]. - The company successfully signed 34 projects, including significant contracts in low-carbon technology and new materials, indicating a strong market development trend driven by technological leadership [3].

Core Viewpoint - China Petroleum Engineering has received a project award for the Kazakhstan Ethane-Propane Pipeline EPC project, which is expected to positively impact the company's revenue and profit over the next 3-4 years [2][3]. Group 1: Project Details - The project involves the construction of a 211.17 km ethane pipeline and a 218.7 km propane pipeline, with a total awarded amount of $424 million (approximately 3 billion RMB) [2]. - The planned construction period for the project is 36 months from the issuance of the notice to proceed [2]. Group 2: Company Background and Capabilities - China Petroleum Engineering's subsidiary, China Petroleum Pipeline Bureau Engineering Co., Ltd., will lead the project, leveraging its extensive experience in oil and gas transportation engineering in Kazakhstan [3]. - The company has a strong technical foundation and resources to meet the project's implementation needs, ensuring effective risk management and project execution [3]. Group 3: Financial Performance - In the first three quarters of 2025, the company reported a revenue of 57.53 billion RMB, a year-on-year increase of 12.42%, and a net profit attributable to shareholders of 523 million RMB [3]. - The company signed new contracts worth 99.22 billion RMB in the same period, reflecting a year-on-year growth of 5.25% [3]. Group 4: Emerging Business Developments - In the first half of 2025, the company achieved new contracts worth 20.60 billion RMB in emerging businesses, marking a year-on-year increase of 16.56% [4]. - The company is focusing on transforming and upgrading its refining and chemical business, with new contracts in this sector amounting to 14.62 billion RMB, accounting for 19.92% of the total new contracts [4].

Core Viewpoint - China Petroleum Engineering (中油工程) has received a project award for the Kazakhstan Ethane-Propane Pipeline EPC project, which is expected to positively impact the company's revenue and profit over the next 3-4 years [1][2]. Group 1: Project Details - The project involves the construction of a 211.17 km ethane pipeline and a 218.7 km propane pipeline, with a total awarded amount of $424 million (approximately 3 billion RMB) [1]. - The planned construction period for the project is 36 months from the issuance of the notice to proceed [1]. Group 2: Company Background and Capabilities - China Petroleum Pipeline Bureau Engineering Co., a subsidiary of China Petroleum Engineering, will lead the project, leveraging its extensive experience in oil and gas transportation engineering in Kazakhstan [2]. - The company has a strong technical foundation and resources to meet the project's implementation needs, ensuring effective risk management and project execution [2]. Group 3: Financial Performance - In the first three quarters of 2025, China Petroleum Engineering reported a revenue of 57.53 billion RMB, a year-on-year increase of 12.42%, and a net profit attributable to shareholders of 523 million RMB [2]. - The company signed new contracts worth 99.22 billion RMB in the same period, reflecting a year-on-year growth of 5.25% [2]. Group 4: Emerging Business Developments - In the first half of 2025, the company achieved new contracts worth 20.60 billion RMB in emerging business and future industry engineering, marking a year-on-year increase of 16.56% [3]. - The company is actively transforming its refining business, with new contracts in refining and chemical engineering amounting to 14.62 billion RMB, accounting for 19.92% of the total new contracts [3].

Group 1 - Company announced that its subsidiary, China Petroleum Pipeline Engineering Co., Ltd., in a joint venture with CITIC Construction Co., has received a project award from KMG PetroChem for the Kazakhstan Ethane-Propane Pipeline EPC project, with a total contract value of $424 million (approximately 3.003 billion RMB) [1] - The project involves the construction of a 211.17 km ethane pipeline and a 218.7 km propane pipeline, with a planned construction period of 36 months from the issuance of the notice to proceed [1] - As of January to December 2024, the revenue composition of the company is as follows: 36.59% from oil and gas field surface engineering, 30.27% from refining and chemical engineering, 25.69% from pipeline and storage transportation engineering, 6.52% from environmental engineering and project management, and 0.93% from other businesses [1] Group 2 - The company's market capitalization is reported to be 20.8 billion RMB [2]

Core Viewpoint - The successful commissioning of the Jubaoshan gas field gathering station by Sinopec's Henan Oil Construction Company marks a significant advancement in natural gas processing capabilities in Northeast China [1] Group 1: Project Overview - The gathering station is a highly integrated and automated facility designed for natural gas collection, condensate oil stabilization, and produced water treatment and reinjection [1] - The design capacity includes a natural gas processing scale of 500,000 cubic meters per day, condensate oil processing scale of 200 tons per day, and produced water treatment and reinjection scale of 2,000 cubic meters per day [1] - The facility is equipped with five condensate oil storage tanks, each with a capacity of 100 cubic meters [1] Group 2: Project Execution - The project team quickly formed a task force to track and coordinate the delivery of materials, enhancing the prefabrication depth of process pipelines [1] - A daily meeting system was implemented to promptly address and correct any deviations in construction progress [1] - Resource allocation was optimized through advanced planning and management, leading to the successful completion of the construction tasks [1]

Core Viewpoint - China Oil Engineering (中油工程) has secured significant overseas contracts, indicating strong international market performance despite a decline in domestic contract signings [2][3][9]. Group 1: Recent Contracts - On September 26, China Oil Engineering announced an EPC contract with Iraq's Basra Oil Company for a seawater pipeline project, valued at $2.524 billion (approximately 18.032 billion RMB) [2][3]. - In the past three months, the company has signed four major overseas contracts totaling 35.38 billion RMB, with three of these projects located in Iraq [6][5]. - The contract for the Iraq seawater pipeline project has a duration of 54 months, which includes 42 months for design, procurement, and construction, followed by 12 months for operation and maintenance training [3][4]. Group 2: Financial Performance - In the first half of 2025, China Oil Engineering reported a total revenue of 36.287 billion RMB, a year-on-year increase of 12.18%, while net profit was 470 million RMB, down 10.87% [9]. - The company achieved a new contract signing amount of 125.076 billion RMB in 2024, marking a 14.39% year-on-year increase, with domestic contracts accounting for 70.32% and international contracts for 29.68% [8]. - In the first half of 2025, the new contract amount from the international market was 23.182 billion RMB, representing a year-on-year growth of 9.86% [9]. Group 3: Market Position and Strategy - China Oil Engineering's business model encompasses the entire value chain of engineering construction, providing comprehensive solutions to clients [3]. - The company has been enhancing its collaboration with international energy firms, such as Total Energy, to solidify its position in the global energy engineering services market [9][10]. - The company plans to raise 5.913 billion RMB through a private placement to fund oil and gas storage and transportation projects and to supplement working capital [10].

Core Viewpoint - China National Petroleum Engineering's subsidiary signed an EPC contract worth approximately 25.24 billion USD (around 180.32 billion RMB) for a seawater pipeline project in Iraq, marking a significant contract win in the Middle East after a previous contract three months ago [2][5]. Group 1: Contract Details - The EPC contract is for the seawater pipeline project in Basra, Iraq, and includes the construction of seawater treatment facilities, main pipelines, and associated ground facilities [7]. - The project duration is 54 months, comprising 42 months for design, procurement, construction, and trial operation, followed by 12 months for operation, maintenance, and training [7]. Group 2: Company Background and Experience - The pipeline engineering company has extensive experience in oil and gas transportation engineering and has previously executed projects in Iraq, indicating its capability to meet the project's requirements [8]. - The company holds various construction qualifications, including top-level qualifications in petrochemical and marine engineering, and has completed over 130,000 kilometers of oil and gas pipelines domestically and internationally [8]. Group 3: Financial Impact and Future Outlook - The recent contracts are expected to help consolidate and expand the company's market presence in Iraq and the Middle East, positively impacting revenue and profit over the next 4 to 5 years [9]. - For 2024, the company anticipates a revenue increase of 6.94% to 85.917 billion RMB, while net profit is projected to decline by 14.80% to 635 million RMB, primarily due to increased competition and costs associated with overseas projects [9][11].

Core Viewpoint - China National Petroleum Engineering's subsidiary signed an EPC contract worth approximately 25.24 billion USD (around 180.32 billion RMB) for a seawater pipeline project in Iraq, marking a significant contract win in the Middle East after a previous contract of 16.01 billion USD (about 115.38 billion RMB) [2][5][6]. Group 1: Contract Details - The EPC contract involves the construction of seawater treatment facilities, main pipelines, and associated ground facilities, with a total duration of 54 months, including 42 months for design, procurement, construction, and trial operation, and 12 months for operation maintenance and training [6]. - The project is awarded by the Basra Oil Company, which operates under Iraqi law and is involved in various oil and gas activities in southern Iraq [6]. Group 2: Company Performance and Market Impact - The recent contracts are expected to help the company consolidate and expand its market presence in Iraq and the broader Middle East region, positively impacting revenue and profit over the next 4 to 5 years [7]. - In 2024, the company reported a revenue increase of 6.94% to 859.17 billion RMB, while net profit attributable to shareholders decreased by 14.80% to 6.35 billion RMB, primarily due to intensified market competition and increased costs from overseas projects [8].

Core Viewpoint - China National Petroleum Engineering Corporation (CNPEC) has signed an EPC contract worth approximately 25.24 billion USD (around 180.32 billion RMB) for a seawater pipeline project in Basra, Iraq, marking a significant achievement in securing large contracts in the Middle East [2][8]. Group 1: Contract Details - The contract for the seawater pipeline project includes the construction of seawater treatment facilities, main pipelines to various junction stations, and branch pipelines to oil field distribution stations, with a total project duration of 54 months [10]. - This contract follows another significant contract signed in June for the gas processing plant project at the Atawi oil field, valued at 16.01 billion USD (approximately 115.38 billion RMB) [4][5]. Group 2: Financial Impact - The recent contracts are expected to help CNPEC consolidate and expand its market presence in Iraq and the broader Middle East region, positively impacting revenue and profit over the next 4 to 5 years [13]. - As of September 25, CNPEC's stock price was 3.39 RMB per share, with a total market capitalization of 189.3 billion RMB, indicating that the new contract value is close to the company's market value [5]. Group 3: Company Background and Capabilities - CNPEC's subsidiary, the China Petroleum Pipeline Bureau Engineering Co., has extensive experience in oil and gas transportation engineering and has completed over 130,000 kilometers of long-distance oil and gas pipelines and nearly 500 kilometers of marine pipelines [11]. - The company holds various construction qualifications, including top-level qualifications for petrochemical construction and first-level qualifications for marine engineering [11]. Group 4: Performance Outlook - For 2024, CNPEC expects a revenue increase of 6.94% to 859.17 billion RMB, but a decline in net profit by 14.80% to 6.35 billion RMB, primarily due to intensified market competition and increased costs from overseas projects [14]. - The company aims to strengthen its traditional oil and gas engineering business while also developing growth areas such as LNG, marine engineering, and environmental engineering [13].