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.

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ShaMaran Petroleum Corp

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Post by kanerfalkon Dec 06, 2010 12:46pm

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Post# 17806502

KRG, Baghdad to resolve disputes over oil contract

KRG, Baghdad to resolve disputes over oil contracts
Monday, December 6th 2010 5:38 PM

Erbil, Dec. 6 (AKnews) - A dispute between Iraqi Kurdistan and the central government that halted Kurdish oil exports is "supposed to be resolved" and oil could flow early next year, Iraqi Oil Minister Hussain al-Shahristani said on Monday. oil, naft, nawt

The semi-autonomous northern area has been locked in a dispute with Baghdad that stopped exports last year. The central government deems illegal contracts signed by the Kurdistan Regional Government with foreign companies to develop northern oilfields.
The Kurdish region could produce 150,000 barrels per day next year, Shahristani told reporters in Baghdad when asked if the dispute between the two governments had been resolved.
"It is supposed to be resolved and the region will start handing over the oil at the beginning of next year," he said.
GS AKnews

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