[CPECC Signed Contract for Niger Oilfield Power Station Project] Recently, CPECC West Africa Company received a notice of award for the power station operation and maintenance project from CNPC Niger, marking the first time that West Africa Company has entered the Niger oil field power station operation and maintenance market. The Niger Oil Field Power Station Operation and Maintenance Project is located in the Koulele CPF and Sokor FPF blocks of the Agadem oil field in Niger. It mainly includes the operation and maintenance of 5 generator units and their supporting fuel, water treatment and lubricating oil systems, substations, emergency generators, 160 kilometers of 11 kV overhead transmission lines, and 120 kilometers of 33 kV overhead transmission lines, with a contract period of 3 years. The power station is planned to be put into operation and generate electricity in October this year, mainly providing power guarantee for the Kouulele oil region. Editor/Ma Xue

Click to see more live >>

• 2026.02.28 17:21
• [The situation in the Middle East is rapidly escalating]
• On February 28, 2026, the security risks in the Middle East continued to rise, with the United States, the United Kingdom, France, and others withdrawing non essential personnel from Iran and Israel, and multiple countries issuing travel bans. The Chinese Ministry of Foreign Affairs reminds citizens not to travel to Iran temporarily and to evacuate personnel in Iran as soon as possible. Regional tensions have pushed up international energy prices, and global market risk aversion has intensified.Editor/Bian Wenjun

• 2026.02.28 17:19
• [Risk preparation for forward foreign exchange sales starting from March 2nd]
• The People's Bank of China announced that from March 2, 2026, the foreign exchange risk reserve ratio for forward foreign exchange sales business will be reduced from 20% to 0. This move will significantly reduce the cost of currency hedging for foreign trade enterprises, support the stable development of the real economy, promote the smooth operation of the foreign exchange market, and release the policy intention of stabilizing foreign trade and expectations.Editor/Bian Wenjun