Gulf Oil and Gas accountACCOUNT

ShaMaran Announces Payment for Atrush Oil Deliveries

Source: www.gulfoilandgas.com 2/15/2018, Location: Middle East

ShaMaran Petroleum Corp. reports that TAQA Atrush BV, Operator of the Atrush Block, has received USD 16.2 million on behalf of the Atrush co-venturers from the Kurdistan Regional Government (“KRG”) as payment for November 2017 crude oil deliveries from the Atrush license to the export market. These funds will be shared between the Atrush co-venturers according to the terms of the agreements.

The Company also reports that a new agreement for the sale of Atrush oil has been executed between the Atrush co-venturers and the KRG. The new agreement replaces the previous agreement between the same parties and includes a downward adjustment to $15.73/bbl from the previously agreed discount of $16.04/bbl to reflect higher actual oil quality delivered from Atrush.

Financials and Investment News in Iraq >>

Indonesia >>  12/7/2018 - Marubeni Corporation (Marubeni) is pleased to announce that PT Jawa Satu Power, which is owned in consortium by Marubeni, PT Pertamina (Persero) (here...
Argentina >>  12/6/2018 - Further to the Company's announcement on 16 February 2018, Phoenix Global Resources, the upstream oil and gas company offering its investors an opport...

United Kingdom >>  12/3/2018 - Reabold, the oil and gas investing company, has exercised options to subscribe for 375,940 fully paid ordinary shares in the capital of Danube Petrole...
Brazil >>  11/22/2018 - A top aide to Brazilian president-elect Jair Bolsonaro said the new government would adopt concession contracts for lucrative pre-salt oil auctions, r...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Iraq Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 |

Oil & Gas Projects in Iraq >>

More News

Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.