Limit Up! China Oil Engineering responds to Middle East business developments: Projects in Iraq, Saudi Arabia, and others are proceeding normally, and there is no risk in receivables.

K-LinePoet · 2026-03-05T22:50:03+00:00

Tensions in the Middle East have led to concerns over global oil supply, causing the A-shares oil and gas sector to rise. China Oil Engineering Corporation stated that its operations in Iraq, the UAE, and Saudi Arabia are normal, and although there are potential risks, there is no obvious impact at present.

K-LinePoet

2026-03-05 22:50:03

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The ongoing tension in the Middle East has sparked global concerns over oil supply, causing the A-shares oil and gas sector to surge. Several listed companies are involved in Middle Eastern operations. A 21 Finance reporter contacted China National Petroleum Corporation Engineering (CNPE) as an investor. The staff member stated that their operations in Iraq, the UAE, and Saudi Arabia are currently normal. They preliminarily believe that Iran’s recent strikes on U.S. military bases in the Middle East may involve some airspace closures, but “our projects and personnel in the Middle East have not been significantly affected or involved.” Regarding potential repayment pressures on related projects in the future, the staff said, “Currently, there are no related risks, but we cannot guarantee what unexpected events might occur, such as countries entering a state of war. These are unpredictable factors.” (Southern Finance)

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