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ShaMaran Announces Successful Placement of New USD 300 Million Bond jwnenergy.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jwnenergy.com Daily Mail and Mail on Sunday newspapers.
Transformative Acquisition of TotalEnergies' Affiliate with an 18% Interest in Sarsang PSC and New Financings benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
Share: VANCOUVER, BC, May 13, 2021 /CNW/ - ShaMaran Petroleum Corp. ( ShaMaran or the Company ) (TSXV:SNM) (Nasdaq First North Growth Market (Sweden): SNM), in line with other producing IOCs in Kurdistan, has received a letter from the Kurdistan Regional Government ( KRG ) proposing an amendment, starting with the March 2021 oil sales and entitlement invoice, to payment terms due to the ongoing challenges in Iraq with the COVID-19 pandemic. View PDF version The KRG has noted that since the dated Brent price has remained consistently well above $50 per barrel, the monthly repayment of outstanding arrears will now be calculated as 20% (compared to 50% previously) of the difference between the average monthly dated Brent price and $50 per barrel multiplied by the gross Atrush crude oil volumes sold in a month. The balance to ShaMaran for the November 2019 to February 2020 outstanding invoices currently stands at $38 million. ....
Mar 11, 2021 Don Hauka, Market One Media A look at the Atrush operation. , Image courtesy of Market One Media After a tumultuous year, investors are banking on a rebound in the oil sector Like many in the industry, ShaMaran Petroleum faced their share of challenges in 2020 and was able to overcome them with careful planning and attention to detail The company is now well-positioned to capitalize on the emerging supercycle and upswing in the oil industry As the world starts to recover from the COVID-19 pandemic, there are signs that commodities, like oil, are beginning a new supercycle as prices rise and consumer demand builds. ....