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ShaMaran Completes First IOC Crude Lifting Under Interim Export Agreements
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ShaMaran Completes First IOC Crude Lifting Under Interim Export Agreements
Nov 17, 2025 5:00 AM

07:43 AM EST, 11/17/2025 (MT Newswires) -- ShaMaran Petroleum ( SHASF ) earlier Monday announced that the first lifting of crude oil export barrels allocated to international oil companies as "payment-in-kind" under the interim pipeline export agreements was completed by the nominated trader at the Ceyhan oil terminal in Turkiye on November 15, 2025.

Under the interim agreements, ShaMaran said it expects payment for its share of cargo liftings within 30 days. A second lifting of IOC-allocated barrels related to production and pipeline exports during September and October 2025 is scheduled at the end of this month, with further liftings and payments expected to follow, it added.

ShaMaran plans to publish its financial statements for the year end December 31, 2025, on March 4, 2026.

Shares in SNM edged down $0.005 to $0.26 last Friday.

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