VALUATION OF CRUDE OIL. The Minister or the Minister’s designee shall set reference prices for crude oil in order to determine:
VALUATION OF CRUDE OIL. 7.1 Crude Oil sold to third parties shall be valued as follows:
VALUATION OF CRUDE OIL. 11.1 Unless a pre-marketing plan is agreed, and save as otherwise provided in this Contract, Crude Oil shall be valued in accordance with the following procedures:
VALUATION OF CRUDE OIL. (a) The Parties agree that Tanzanian Crude Oil produced and saved from the Contract Area shall be sold or otherwise disposed of at competitive international market prices. The average fair market price of Crude Oil marketed in any Quarter shall, for the purpose of giving effect to this Agreement, be determined as follows:
VALUATION OF CRUDE OIL. 11.1 The valuation of Crude Oil shall reflect the true market value based on arm's length transactions for the sale of the Crude Oil.
VALUATION OF CRUDE OIL. 18.1 For the purposes of this Contract, the “Market Price” for Crude Oil shall be the FOB price at the Delivery Point, expressed in Dollars per Barrel and payable within thirty (30) days after the date of the xxxx of lading, as such Market Price is determined in this Article
VALUATION OF CRUDE OIL. (a) Məsrəflərin ödənilməsi, Mənfəət Karbohidrogen- lərinin bölüşdürülməsi və bu Sazişdə xüsusi nəzərdə tutulan digər məqsədlər üçün Xam neftin dəyəri hər hansı Təqvim Rübündə xalis ixrac dəyəri olmaqla aşağıdakı qaydada müəyyən edilir: (a) The valuation of Crude Oil for purposes of Cost Recovery, sharing of Profit Petroleum and as otherwise specifically provided in this Contract in any Calendar Quarter shall be the net back value calculated as follows:
VALUATION OF CRUDE OIL. 11.1 Save as otherwise provided in this Contract, Crude Oil Production shall be valued in accordance with the following procedures:
VALUATION OF CRUDE OIL. 13.1 For the purpose of this Agreement the value of a barrel of crude oil shall be the average fair market price determined as follows - as soon as practicable after the end of each calendar month in which crude oil has been produced and sold from any field pursuant to this Agreement, an average price (in terms of United States dollars per barrel, fob, delivery point) for each field shall be determined in respect of production during that calendar month. It is understood that production from different fields may be of different quality and that separate average prices may accordingly be determined for any calendar month in respect of production from each field; the prices aforesaid shall be determined as follows - in the event that fifty percent (50%) or more of the total volume of sales by the Contractor during the calendar month of crude oil of a given quality produced hereunder from a field were third party sales, as hereinafter defined, the price of all crude oil from such field of that quality shall be deemed to be the simple arithmetic average price actually realised, calculated by dividing the total receipts from all such sales calculated fob the delivery point by the total number of barrels of crude oil sold from such field in such sales; in the event that less than fifty percent (50%) of the total volume of sales by the Contractor during the calendar month of crude oil of a given quality produced hereunder from a field were third party sales, the price of all crude oil from such field of that quality will be determined by the arithmetic average of -
VALUATION OF CRUDE OIL. 7.4.1 It is the intent of the Parties that the value of the Cost Oil (and the CONTRACTOR’S (for and on its own behalf and on behalf of Range Resources) Production Sharing Oil for the purpose of PUNTLAND Income Taxes as provided in Article 9.1.2 below) shall reflect the prevailing market price for Crude Oil. For the purpose of evaluating the prevailing market value of the quantity of Cost Oil to which the CONTRACTOR (for and on its own behalf and on behalf of Range Resources) is entitled hereunder during each Calendar Quarter, the weighted average price realized in freely convertible currency, from
