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 kinematikon Jan 17, 2014 12:32pm

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Post# 22104401

Comment by Turkish Energy minister

Turkish minister says Iraq's Luaibi comments must have been misinterpreted

17 Jan 2014 - 16:39

ANKARA, Jan 17 (Reuters) - Any goods subject to a customs transaction would not be smuggling and comments from Iraq's oil minister on taking potential legal action against Turkey must have been "inaccurately expressed", Turkey's energy minister told the SKY 360 TV channel on Friday.

"Every week they make a different statement," Taner Yildiz said, referring to the central government in Baghdad.

"I see this statement as an inaccurately expressed sentence."

Iraq will take legal and other measures to punish Turkey and Iraqi Kurdistan, as well as foreign companies, for any involvement in Kurdish exports of "smuggled" oil without Baghdad's consent, Iraq's oil minister Abdul Kareem Luaibi said

. (Reporting by Orhan Coskun, Writing by Humeyra Pamuk) ((humeyra.pamuk@thomsonreuters.com)(+90 312 2927021)(Reuters Messaging: humeyra.pamuk.reuters.com@reuters.net)) Keywords: TURKEY ENERGY/IRAQ

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