Petro Matad expects PetroChina greenlight 'shortly'

Petro Matad Limited (AIM:MATD, OTC:PRTDF, FRA:HA3) told investors that the approval of its 2026 Oil Sales Agreement with PetroChina is expected shortly, potentially unlocking sales of around 35,000 barrels of Block XX crude accumulated so far this year. The AIM-quoted Mongolia-focused oil company said outstanding issues around the 2025 agreement had been resolved and payments made, while the wording of the 2026 contract had been aligned with Mongolian petroleum and tax legislation.