EconomyPetroChina first-half profit rises 22% as oil prices offset Iran war supply shock
PetroChina said it is gradually restoring operations at its Middle Eastern projects after the US-Israeli war in Iran severely disrupted global energy flows. The company reported first-half net profit of 103.9 billion yuan, up 22 per cent, with higher crude prices supporting upstream earnings and natural gas offsetting weaker oil output.
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South China Morning Post★★★☆☆2026-08-31 11:23Original
PetroChina first-half profit rises 22% as oil prices offset Iran war supply shock
Economy