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:
Appears in 2 contracts
Samples: Production Sharing Agreement, Production Sharing Agreement
VALUATION OF CRUDE OIL. (a) The Parties parties hereby 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 Tanzania Crude Oil marketed in any Calendar Quarter shall, for the purpose of giving effect to this Agreement, be determined as follows:
Appears in 1 contract
Samples: Sharing Agreement
VALUATION OF CRUDE OIL. (a) The Parties parties hereby 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 Tanzanian Crude Oil marketed in any Calendar Quarter shall, for the purpose of giving effect to this Agreement, be determined as follows:
Appears in 1 contract
Samples: Production Sharing Agreement
