VALUATION OF HYDROCARBONS. The Parties shall comply with the provisions of Title XIII of the Petroleum Regulation pertaining to the valuation of Hydrocarbons.
VALUATION OF HYDROCARBONS. 16.1 For the purposes of recovering Oil Production Costs, determining totals to be paid in respect of collecting Royalty in Dollars, the price of Liquid hydrocarbons shall be the Fixed Price. The Fixed Price shall reflect the value of Liquid Hydrocarbons of each quality, FOB loading terminal from an international marine export point, on the international market, determined in Dollars per Barrel. In the event of Liquid Hydrocarbons not being exported to a marine point, the “DRC” and the “Contracting Party” will agree to a Fixed Price based on the quality of the crude and international market prices.
VALUATION OF HYDROCARBONS. 16.1 For the purposes of recovering the Oil Costs, of determining the amounts to be paid in respect of collection of the Royalty in Dollars, the price of liquid Hydrocarbons shall be the Fixed Price. The Fixed Price shall reflect the value of liquid Hydrocarbons of each quality, FOB loading terminal from an international maritime export point, on the international market determined in Dollars per Barrel. In the event of liquid Hydrocarbons not being exported to a maritime port, the DRC and the Contracting Party will agree to a price based on the quality of the oil and the prince on the international markets.
VALUATION OF HYDROCARBONS. Taking into account the provisions of the Presidential Decree, the value of any Hydrocarbons Produced and Saved shall be determined as follows:
