China Man Petroleum Stock Rises 20% in 2 Days as 9 of 14 Iraq Rigs Halt Amid Middle East Conflict

According to Jin10, China Man Petroleum's stock surged with cumulative gains exceeding 20% on July 22-23, driven by operational impacts from Middle East geopolitical conflict. The company announced that 9 of its 14 drilling rig crews deployed in Iraq remain suspended due to the regional tensions, affecting the wellbore engineering segment. Additionally, crude oil sales from the company's Wenshu oilfield declined compared to the prior year. All other business operations remain normal.
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