Oil sales agreement reached with Kurdish government

30 Sep 2017   Iraq

Operations in the Kurdish north of Iraq are going according to plan and sales agreements are moving forward, a Canadian energy company said Friday. ShaMaran Petroleum Corp., a Canadian company with a focus on oil operations in the Kurdish north, said it was releasing details Friday about an agreement between joint venture partners and the Kurdish government for the sale of oil from the Atrush field. Under the terms of the agreement, the Kurdish government agreed to buy oil based on the dated price for Brent crude oil, minus $16 per barrel for discounts, local and international transportation costs. CEO Chris Bruijnzeels said operations at the Atrush field, which started production in July, were going as planned. “I am […]

Comments are closed.