Tong Petrotech Secures Major Oil and Gas Service Contract in Algeria Valued at Approximately 1.02 Billion Yuan

Stock News06-09

The company Tong Petrotech Corp. (SHE: 300164) has announced the successful award of a significant oil and gas service contract.

The project, awarded by Algeria's national oil company Sonatrach, encompasses Lots 3 and 7 of the tender 01/SH/PROD/OPR/2025.

The contract has a duration of four years and is valued at $124 million and 35.01 billion Algerian dinars, equivalent to approximately $150 million or 1.02 billion Chinese yuan.

This contract win highlights the company's core competitive strengths within the oilfield technical services sector.

Moving forward, the company plans to further deepen its presence in the Algerian market, leveraging this project to promote its other business product lines internationally, which is expected to contribute to future growth in operational performance.

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