Sinopec Engineering inks $1.05b refinery upgrading deal in Iran

December 30, 2017

TEHRAN – China’s Sinopec Engineering (Group) Co., signed a deal with National Iranian Oil Engineering and Construction Company (NIOEC) to contribute to engineering, procurement and construction of phase II of Abadan refinery upgrading project in Iran.

"The group will pursue approximately 6.86 billion yuan ($1.05 billion) of the total contract value", Nikkei Asian Review cited the company as stating on Wednesday. 

The amount will be recorded as backlog of the group.


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