According to the Zhitong Finance App, China Man Petroleum (603619.SH) issued an announcement of abnormal stock trading fluctuations, stating that after the company's self-inspection, due to the geopolitical conflict in the Middle East, many of the company's regional well teams in Iraq are still on standby. As of the announcement disclosure date, the company has deployed a total of 14 well teams in the Iraqi market, 9 of which are still on standby. The aforementioned stoppage has had a certain adverse impact on the production and operation of the company's drilling and completion engineering sector. At the same time, crude oil sales at the company's Wensu Oilfield declined compared to the same period last year. In addition to the above situation, the rest of the company's current production and operation activities are normal, there have been no major adjustments to the market environment or industry policies, and the internal production and operation order is stable.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.