Kurdistan M&A | ShaMaran Petroleum and HKN Energy team up to take advantage of TAQA’s exit from the KRI

January 25, 2024

On 21 January 2024, ShaMaran Petroleum announced that it had agreed to acquire TAQA’s 47.4% stake in the Atrush block in the Kurdistan Region of Iraq (KRI). Simultaneously, it announced an agreement to sell a 25% stake in the contract to HKN Energy. No consideration for the deal was disclosed.