PetroChina Oil Output Falls Due to Iraq Production Disruptions

PetroChina, China's largest listed oil producer, saw its oil output decline in the first half of this year due to production shut-ins in Iraq. The rare decline was caused by US-Iran conflict-related disruptions.

The company reported lower overseas production in the second quarter, with the majority of the decrease attributed to Iraq. This move affected PetroChina's overall output and revenue. As a result, PetroChina's oil output for the first half of 2026 fell compared to the same period last year.