ShaMaran Updates on Recent Events
VANCOUVER, BC, March 27, 2023 /CNW/ - ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (SNM: TSXV and Nasdaq First North Growth Market (Sweden)) confirms that, following the recent announcement of the ICC arbitration ruling in favor of Iraq against Turkey on the use of the Iraq-Turkey export pipeline, the Kurdistan Pipeline Company, at the request of Turkey officials, has shutdown the Kurdistan trunk export pipeline. ShaMaran has been informed by the operators of the two blocks in which we hold an interest that appropriate steps on operations and oil production are underway.