公司研究 定增资金募投项目陆续签署合同，深化国际市场开拓 ——中油工程（600339.SH）公告点评 要点 2025 年 9 月 28 日 定增资金将用于本次签署项目，母公司产业链协同助力高质量发展。公司拟向中 国石油集团发行 A 股股票 16.75 亿股，拟认购金额为 59.13 亿元，资金将用于 本次签署的伊拉克、阿联酋项目，两大项目均属于共建"一带一路"重要能源项 目，有利于公司抓住海外资源富集地区加快油气产能释放、加速炼化一体化布局 发展机遇，积累国际项目经验，从而进一步提升公司在全球油气工程领域的知名 度和影响力。此外，定增彰显控股股东对公司支持与信心，助力公司高质量发展， 长期来看，随着募集资金投资项目的实施，公司市场及营收规模将进一步扩大， 盈利能力进一步提升，为公司后续高质量发展提供有力支持。 事件：公司发布两则《关于子公司中标项目签署合同的公告》，公司两项已中标 项目于近期签署合同：（1）阿联酋 LNG 输送管线项目，合同金额 5.13 亿美元， 约 36.88 亿人民币；（2）伊拉克海水管道项目，合同金额 25.24 亿美元，约 180.32 亿人民币。 点评： 项目合同合计金额占公司 2 ...

Group 1 - Company signed an EPC contract worth $513 million (approximately 3.688 billion RMB) with ADNOC Gas for the UAE LNG pipeline project [2][3] - The project has a construction period of 36 months followed by a 12-month warranty period [3] - Successful implementation of the project is expected to positively impact the company's revenue and profit over the next 3-4 years [3] Group 2 - Company has recently secured multiple large contracts in the Middle East, including a $2.524 billion (approximately 18.032 billion RMB) contract for the Iraq seawater pipeline project [4] - As of June 2025, the company's contract liabilities reached 35.15 billion RMB, showing consistent growth over the past three years [4] - Revenue from overseas markets accounted for 28.83% of the company's total income in the first half of 2025 [4]

Core Viewpoint - China Petroleum Engineering (600339.SH) has received a project award for the Iraq Basra seawater pipeline project from Basra Oil Company (BOC), indicating a significant opportunity for the company in the international market [1] Group 1: Project Details - The awarded project involves the construction of seawater treatment facilities, main pipelines from treatment facilities to various junction stations, and branch pipelines from junction stations to oil field distribution stations, along with associated ground facilities [1] - The total contract value for the Iraq seawater pipeline project is approximately $2.524 billion (around 18.032 billion RMB) [1] - The project duration is set for 54 months, which includes 42 months for design, procurement, construction, and trial operation, followed by 12 months for operation maintenance and training [1]