ShaMaran Reports Year-End 2023 Reserves and Resources
VANCOUVER, BC, Feb. 14, 2024 /CNW/ - ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSXV: SNM) (Nasdaq First North: SNM) announces its 2023 year-end reserves and resources filings. Production from the Company’s assets in Kurdistan was impacted in 2023 by the closure of the Iraq-Turkey pipeline (“ITP”) on March 25, 2023. The ITP closure initially reduced production rates from the Sarsang Block due to market demand constraints when local sales commenced via trucking in April 2023. Production from the Atrush Block was shut-in following the ITP closure, due to a lack of