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ShaMaran Petroleum Corp V.SNM

Alternate Symbol(s):  SHASF

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

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Post by jubbyjubberon May 22, 2014 10:00am
193 Views
Post# 22586609

Milestone news

Milestone newsIraqi Kurdistan begins piped oil exports via Turkey - minister

ANKARA Thu May 22, 2014 9:10am EDT
May 22 (Reuters) - Iraqi Kurdistan has begun exporting its first cargo of crude oil through Turkey's Mediterranean port of Ceyhan, Energy Minister Taner Yildiz told Reuters on Thursday, despite a long-standing dispute with Baghdad over the sharing of oil revenues.

The first 1 million barrel cargo of piped oil is being loaded in Ceyhan, where around 2.5 million barrels of oil from Iraqi Kurdistan have been stored, Yildiz said. An industry source said the tanker is expected to depart late on Thursday.

(Reporting by Orhan Coskun and Humeyra Pamuk; Editing by Daren Butler)
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