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31st December Abadan accordance adjusted AGIP agreed Agreement Holder API gravity applicable appointed Arbitration arithmetic average assets barrels per day calculated Chartered Accountants committee Concession Area Consortium Members contract Contractor Corporaci6n Venezolana crude oil currency Decree Deductible Effective Date established Exchange Rate expenditures exploitation period exploration following the geodesic funds geodesic to Point Government grade of crude hereunder income tax installations Iranian Latitude Libyan Arab Republic Longitude million U.S. dollars Mines and Hydrocarbons Minister of Petroleum Ministry concerned month National Oil National Westminster Bank natural gas Nelson Bunker Hunt NGL products NIOC NIOC's obligations Oil Company organised and existing paragraph petroleum operations posted price provisions of Article pursuant Qatar quantity of crude recalculation referred regulations relating respect Revolutionary Command Council royalty Second Parties Section Suez Canal Supplemental Agreement Temporary Freight terminal thence following thereof thereto third parties thirty 30 Trading Companies U.S. cents Venezolana del Petr6leo