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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

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

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