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Jadestone Energy : Board Changes -March 25, 2024 at 10:29 am EDT

ShaMaran Operational and Corporate Update

ShaMaran reduces Capex, Engages with Bondholders

By John Lee. Canadian oil development and exploration company ShaMaran Petroleum has announced that all non-essential capital expenditures in the Atrush block (pictured) have been cancelled or postponed, while it engages with bondholders to seek additional balance-sheet flexibility. The company's operations remain heavily impacted by the continued closure of the Iraq-Turkey pipeline (ITP), connecting Iraq's

GKP Non-Exec to lead ShaMaran Petroleum | Iraq Business News

By John Lee. Canadian oil development and exploration company ShaMaran Petroleum has announced the appointment of Garrett Soden as President and Chief Executive Officer (CEO), to replace Dr. Adel Chaouch effective immediately. Mr. Soden will also join ShaMaran's board of directors. According to a statement from the company, Mr Soden has extensive experience as a

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