Anton Oilfield Services (03337) Surges Over 13% on Deepening Iraq Market Presence and Middle East Expansion Plans

Stock News
01/16

Anton Oilfield Services (03337) surged over 13%, and as of the time of writing, the stock was up 12.5% to HKD 0.9, with a turnover of HKD 18.8468 million. On the news front, according to reports, White House Press Secretary Karine Jean-Pierre stated on the 15th local time that the administration and its team are closely monitoring the situation in Iran and retaining all options. On the same day, it was learned that the administration has temporarily deferred a decision on whether to launch a military strike against Iran. Goldman Sachs believes that Brent crude has risen by nearly USD 6 this year to over USD 66 per barrel, a gain equivalent to the market having already priced in a sustained supply disruption of 700,000 barrels per day from Iran over the next 12 months. A recent research report noted that since 2025, Iraq has witnessed a wave of Western energy companies returning, and Anton Oilfield Services, having deeply cultivated the Iraqi market, previously won a 25-year oilfield development rights contract. The report suggests the group will continue to deepen its presence in the Iraqi market, actively seize opportunities from local oil and gas production increases, accelerate the implementation of new projects, while also planning for long-term, large-scale projects to cultivate sustained growth momentum. In other overseas markets, the group will simultaneously vigorously expand into other regions of the Middle East, Africa, and Southeast Asia to capture market opportunities.

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