CPEC's subsidiary signs a $2.524 billion contract for the Iraq seawater pipeline project
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CPEC's wholly-owned subsidiary signed a USD 2.524 billion EPC contract for a seawater pipeline project with Iraq's Basra Oil Company, with a contract duration of 54 months. This contract is expected to have a positive impact on operating revenue and profit over the next 4-5 years, but it will not have a significant impact on the total assets, net assets, and net profit for this fiscal year
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