---
title: "CPEC's subsidiary won the bid for the approximately USD 294 million Atawi GMP project in Iraq"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/243275886.md"
description: "China Petroleum Engineering's wholly-owned subsidiary, China Petroleum Pipeline Bureau Engineering Co., Ltd., has won a bid for the Iraq Atawi GMP project worth approximately USD 294 million. The project includes the construction of a 114-kilometer sour gas pipeline and other pipelines, with a planned duration of 36 months. The project is currently in the bidding stage awaiting contract signing, and if a formal contract is signed, it will have a positive impact on the company's operating revenue and profits over the next 3-4 years"
datetime: "2025-06-05T12:13:06.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/243275886.md)
  - [en](https://longbridge.com/en/news/243275886.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/243275886.md)
generator: "portal-rs"
---

# CPEC's subsidiary won the bid for the approximately USD 294 million Atawi GMP project in Iraq

According to the Zhitong Finance APP, China Petroleum Engineering (600339.SH) announced that its wholly-owned subsidiary, China Petroleum Pipeline Bureau Engineering Co., Ltd. (hereinafter referred to as "Pipeline Bureau Engineering Company"), has received a letter of award from the owner TotalEnergies (hereinafter referred to as "TotalEnergies") for the Iraq Atawi Oilfield Natural Gas Midstream Pipeline EPSCC Project (hereinafter referred to as "Atawi GMP Project"). The construction starts from the Majnoon Oilfield and the West Qurna II Oilfield to the newly built gas processing plant in Ratavi, including approximately 114 kilometers of 26-inch sour gas pipeline, 83 kilometers of 20-inch sour gas pipeline, as well as three other export pipelines and supporting station valve rooms. The estimated contract amount is approximately USD 294 million (about RMB 2.122 billion), and the planned construction period for achieving temporary acceptance of the project is 36 months.

The project is currently in the bidding and contract signing stage, and there is still some uncertainty regarding the signing of the formal contract. If the formal contract for the project is signed and implemented smoothly, it will have a positive impact on the company's operating revenue and total profit over the next 3-4 years

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**