Tong Petrotech Corp. (300164.SZ) wins the bid for the oil and gas recovery and treatment project in Algeria.

Tong Petrotech Corp. (300164.SZ) announced that the company has received a notice of winning bid from Sonatrach, the national oil company of Algeria, for an early production measures and natural gas compression services project. The winning bid amount includes two parts - 105 million US dollars and 27.63 billion Algerian dinars, with a contract period of four years. The implementation location of the winning bid project is in Algeria, and the project includes oil and gas recovery and processing, consistent with the company's domestic wellhead natural gas recovery business.