Market Chatter: CNOOC Unit Begins Facilities Construction on $4 Billion Qatar Oil, Gas Project

MT Newswires Live

4小时前

A unit of China state-owned CNOOC (SHA:600938, HKG:0883) started the construction of facilities for a major oil and gas project in Qatar at a fabrication base in Qingdao in China's Shandong Province.

CNOOC unit Offshore Oil Engineering is the general contractor of the Bul Hanine EPIC project, which has a contract value of about $4 billion, Chinese state media Xinhua News reported Tuesday.

Shares of the oil and gas producer were down 1% in recent trade in Shanghai and Hong Kong.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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