$4 billion oil & gas assignment in Middle East breaks Chinese companies’ record

Qatar’s state-owned oil & gas giant QatarEnergy has entrusted China’s Offshore Oil Engineering Company (COOEC) with two segments of work related to its redevelopment project off the Persian Gulf state’s coast. This package set, worth approximately $4 billion, is said to set a new contract value record for Chinese enterprises in the Middle East region’s offshore oil and gas realm.

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