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ShaMaran Petroleum Suspends 2023 Guidance | Iraq Business News

By John Lee. Canadian oil development and exploration company ShaMaran Petroleum has suspended its 2023 guidance due to uncertainties resulting from the closure of the Iraq-Turkey Pipeline (ITP) to Ceyhan, and other challenges in Iraqi Kurdistan. Full statement from ShaMaran Petroleum: ShaMaran Petroleum Corp. ("ShaMaran" or the "Company") (TSXV: SNM) and (Nasdaq First North Growth ....

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Shamaran Reduces Capex, Engages With Bondholders

Shamaran Reduces Capex, Engages With Bondholders
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ShaMaran Operational and Corporate Update

VANCOUVER, BC, July 12, 2023 /CNW/ - ShaMaran Petroleum Corp. (TSXV:SNM) (Nasdaq First North Growth Market: SNM) ("ShaMaran" or the "Company") announces an operational and corporate update. PDF ....

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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 ....

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