Could of Been Far Worse But it could of been far worse because
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ShaMaran to surrender 60% interests in Arbat, Pulkhana and paid
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Under the terms of the agreement, the PSC for each of the Pulkhana and Arbat blocks is terminated whereby ShaMaran's interests in both PSCs are relinquished. The company has agreed to a payment to the KRG of consideration valued at $25-million (U.S.) after which the company will be relieved of all further obligations under the PSCs.