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SINOPEC SEG Seizes EPC Contract for Expansion of SATORP Refinery
SINOPEC SEG (02386.HK) announced that the Group has been awarded an EPC contract in relation to the expansion of the SATORP refinery referred to as the AMIRAL project. SATORP is a ...
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SINOPEC SEG Seizes EPC Contract for Expansion of SATORP Refinery
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SINOPEC SEG (02386.HK)  +0.140 (+2.513%)    Short selling $3.78M; Ratio 7.250%   announced that the Group has been awarded an EPC contract in relation to the expansion of the SATORP refinery referred to as the AMIRAL project. SATORP is a Joint Venture between the Saudi Arabian Oil Company and TotalEnergies.

The main scope of the services under the Contract includes the engineering, procurement and construction for the tank farms and the integration of SATORP refinery of the Project. The value of the Contract amounts to approximately USD720 million. The total value of the Contract will be recorded as backlog of the Group.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-11-27 16:25.)

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