Zhongman Petroleum And Natural Gas Group Corp., Ltd. (603619.SH) has signed a research service agreement for the Iraq MF block.

Zhongman Petroleum And Natural Gas Group Corp.,Ltd.(603619.SH) announced that on May 11, 2024, the company successfully won the bid to obtain the development rights of the Midland Flat Oilfield (MF Block) in Iraq. On October 27, 2024, the company's wholly-owned subsidiary, Zhongman Babylon Oil & Gas DMCC, signed a development and production contract for the MF Block with Midland Oil Company of Iraq (representing the Iraqi Ministry of Oil). In order to fulfill the contractual obligations and advance the initial development plan and subsequent development evaluation work of the MF Block, Zhongman Babylon Oil & Gas DMCC conducted the bidding for the 2025 geological and reservoir research projects of the MF Block in strict accordance with the standards and procedures of the Iraqi Ministry of Oil. After the bidding process, Xinhuaxia Energy Beijing Branch was awarded the research services project for geological and reservoir research of the Iraqi MF Block, with a total amount of $4.4 million (approximately RMB 30.932 million). On December 30, 2025, Zhongman Babylon Oil & Gas DMCC's Iraq branch signed the agreement for the above-mentioned research services project with Xinhuaxia Energy Beijing Branch.