Finance

COOEC sets sights on revenue rise but clouds loom on overseas projects

Delay of Marjan project off Saudi Arabia costs COOEC 1.36 billion yuan ($209 million) earning loss last year.

Key contracts: the Penguins FPSO being built at COOEC's Qingdao facility
Key contracts: the Penguins FPSO being built at COOEC's Qingdao facilityPhoto: ZENHUA LOGISTICS
  • Xu Yihe
Singapore
COOECChinaOffshore Oil Engineering CompanyChina National Offshore Oil CorpAsia & Oceania
Published 26 March 2021, 00:13Updated 26 March 2021, 00:13