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Jerry Co.: Tender for the Houndenus Natural Gas Booster Station EPC Project Canceled
People’s Financial News, March 27 - Jerry Holdings (002353) announced on March 27 that its wholly-owned subsidiary, Jerry Oil and Gas Engineering, received the project award letter for the Hodeidah Natural Gas Booster Station EPC project from the owner, Algeria National Oil Company. Recently, Jerry Oil and Gas Engineering was informed by Algeria National Oil Company that the bidding for this project has been canceled. Algeria National Oil Company will reassess the project and initiate a new bidding process. The main reason for canceling the project bid is that the collection time of critical data for the gas field, which was the basis for the original bid, was too early, and the relevant data has changed at this stage. Algeria National Oil Company is currently reassessing the relevant gas fields and will initiate a new bidding process.