ShaMaran Announces First Oil Cargo Lifting from Ceyhan Terminal

Executive Summary

• ShaMaran Petroleum Corp. completed its first “payment‑in‑kind” oil cargo lift at the Ceyhan terminal in Turkey on November 15, 2025 under interim pipeline export agreements.
• A second IOC‑allocated cargo lift for September‑October production is scheduled for later this month, with additional liftings and payments expected thereafter.
• The company will release its audited financial statements for the year ended December 31, 2025 on March 4, 2026.

Key Details

• First Cargo Lift: Completed on 15 Nov 2025; barrels allocated to international oil companies (IOCs) under interim export agreements.
• Payment Terms: ShaMaran expects payment for each cargo lift within 30 days of lifting.
• Second Lift Scheduled: End‑of‑month (November 2025) for IOC‑allocated barrels produced in September and October 2025.
• Future Liftings: Further cargo lifts and corresponding payments are anticipated under the same interim agreements.
• Financial Reporting: Planned release of 2025 audited financial statements on 4 Mar 2026.

Notable Quotes

(No direct quotes were provided in the release.)