# PetroChina first-half profit rises 22% as oil prices offset Iran war supply shock

https://mins.news/en/item/38567

- South China Morning Post, 2026-08-31 11:23 UTC
- Economy
- Original: https://www.scmp.com/business/china-business/article/3365866/petrochinas-first-half-profit-jumps-22-higher-oil-prices-offset-iran-war-supply-hit?utm_source=rss_feed

> 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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