Tongyuan Petroleum: Wins bid for oil and gas service project in Algeria, with a total amount of approximately 10.21 billion yuan.

Tongyuan Petroleum announced that the company has recently successfully won the bid for the oil and gas service project of segments 3 and 7 of the 01/SH/PROD/OPR/2025 project of the National Oil Company of Algeria. The project contract period is 4 years, including two parts in US dollars and Algerian dinars, namely 124 million US dollars and 35.01 billion Algerian dinars. The project has not signed a formal contract yet, and there is still some uncertainty in the signing of the contract.