Our company (ZHEJIANG DAMING NEW MATERIAL JOINT STOCK CO.,LTD, hereinafter referred to as Zhejiang Daming) has won the bid for the East Africa Crude Oil Pipeline Project (EACOP) heating system.

"This project is the world's longest heated crude oil pipeline. According to the plan, the East Africa Crude Oil Pipeline (EACOP) spans a total length of 1445 kilometers, with an estimated daily crude oil transportation volume of 216,000 barrels. The EACOP will transport crude oil produced from the Ugandan oil fields in Africa to the port of Tanga in Tanzania. The project is expected to be operational in 2025, thereby establishing an energy transportation corridor from inland East Africa to the Indian Ocean.

The shareholders of EACOP (hereinafter referred to as investors) include the French energy giant TotalEnergies, the Uganda National Oil Company, the Tanzania Petroleum Development Corporation, and China National Offshore Oil Corporation (hereinafter referred to as CNOOC). The general contractor is Worley Europe Ltd (hereinafter referred to as Worley). The consortium is also involved in the development of Uganda's Tilenga and Kingfisher oil and gas projects. The total investment is expected to reach $5.1 billion, with an estimated production capacity of 230,000 barrels per day after stabilization. Shareholder agreements and related tariff and transportation agreements have been signed, making it an important milestone in China's overseas oil and energy expansion and a key project of the Belt and Road Initiative.

Due to the high viscosity of crude oil produced in Uganda, the EACOP crude oil pipeline must have the capability of heating along its entire length to improve the fluidity of the oil inside the pipeline. Zhejiang Daming has been actively involved in the bidding process for five years, and through its reliable products and innovative construction solutions, it has gained recognition from the main contractor Worley and the investors. Zhejiang Daming has successfully won the bid for the EACOP project heating system design, material supply, construction scheme design, key equipment supply for construction, and on-site technical services contract.

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