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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

Bullboard Posts
Post by kinematikon Jun 07, 2014 10:19am
234 Views
Post# 22639860

Yildiz: As long as KRG wants to sell oil, Turkey will export

Yildiz: As long as KRG wants to sell oil, Turkey will exportYildiz: As long as KRG wants to sell oil, Turkey will export Mewan Dolamari BasNews, Erbil Turkish Minister of Energy and Natural Resources Taner Yildiz said that as long as the Kurdistan Regional Government (KRG) wants to sell oil, Turkey will continue exporting it. “Turkey will continue transporting Kurdish oil since they [KRG] want to sell it,” said Yildiz. Yildiz also addressed reports that an oil tanker transporting Kurdish oil had been lost: “Kurdish oil has not been loaded to the oil tankers for the second time and the lost oil tanker is neither Turkish nor Iraqi. Regarding selling Kurdish oil and finding customers to buy it, only KRG and Baghdad will decide on that.” “After exporting the first Kurdish oil, KRG exported 100,000 barrels per day and now there are 2.8 million barrels in the tanker. Since they [KRG] want to sell the oil, Turkey will continue transporting it. If oil is extracted and exported to Turkey, Turkey will sell it no matter which part of Iraq it comes from. This is a public law and Turkey’s positive stance in this case will continue,” said Yildiz. Yildiz explained that they have not received further requests from the KRG to increase the number of tankers and said that he does not think it necessary to increase the number. Regarding Iraq’s arbitration Yildiz said that Turkey has yet to choose a prosecutor for the case, but will do so in the near future. “We want good relations with Iraq and after tackling the complaint I do not think there will be any serious issues between Turkey and Iraq,” he said. www.basnews.com/en/News/Details/Yildiz--As-long-as-KRG-wants-to-sell-oil--Turkey-will-export-/22562
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