Sinopec: Awarded the exploration and development rights of the Zerafa II natural gas block in Algeria.

Middle East Oil announced that the company has successfully won the exploration and development rights of the Zerafa II natural gas block in Algeria. The Zerafa II block is located in central Algeria, covering an area of 38,697.73 square kilometers, and is a production sharing contract project. The company will soon begin contract negotiations with the Algerian Ministry of Energy and Mines. The specific investment amount and other details are still uncertain, and the company will fulfill its disclosure obligations in a timely manner based on the progress of the project.