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ShaMaran Petroleum Corp V.SNM

Alternate Symbol(s):  SHASF

Energy Oil & Gas E&P
ShaMaran Petroleum Corp. is a Canadian independent oil and gas company focused on the Kurdistan region of Iraq (KRI). The Company is engaged in the business of oil and gas exploration and production and holds interests in production sharing contracts. The Company indirectly holds an 18% working interest (22.5% paying interest) in the Sarsang Block in the KRI through its wholly owned subsidiary ShaMaran Sarsang A/S and a 50% working interest (66.67% paying interest) in the Atrush Block in KRI through its wholly owned subsidiary General Exploration Partners, Inc. (GEP). The Company is focused on developing the considerable reserve and production upside potential of its projects.


TSXV:SNM - Post by User

ShaMaran Petroleum Corp
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Post by kanerfalkon Aug 03, 2010 3:56am
673 Views
Post# 17316234

Oil Kurdistan

Oil Kurdistan
Iraq Loses Oil Revenue
Posted on 02 August 2010. Tags: Kurdistan, Oil & Gas
Iraq Loses Oil Revenue
Iraq is currently losing oil revenues of 100 thousand barrels per day (bpd) because Kurdistan is not producing oil, the spokesperson of the Iraqi Oil Ministry said on Sunday.
“Kurdistan will not affect the Iraqi budget by stopping oil production, but the country is losing additional revenues that can be used in the rebuilding processes,” Asim Jihad told Aswat al-Iraq news agency.
He explained that the total amount of losses can be evaluated by multiplying the average daily price of 100 thousand barrels of oil by the number of days when Kurdistan did not export oil.
“Iraq needs to export as much oil as possible to ensure revenues for both the state and people (sic),” Jihad added.
He noted that the Iraqi region of Kurdistan gets an extra benefit of $1 per barrel of oil it exports.
(Source: Aswat al-Iraq)


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