"ملف ٥ /١ VI شركة نفط الكويت" [و‎‎٧] (٦٢٠/١٨)

may aeciue. i‘he Comn ny li duly c ose Rny unproduc
tive holes drilled by it nnd subsequently abandoned.
Artie le 3. vS from the Agreement date in 1936 or from the
i^reevwnt date next following the tern inntion of the
§ drilling years the Ihaikh undertakes to grent for
70 year® to the Company on the request of the Company
the exclusive rights to search for and produce petroleum
within the defined area and the right to refine
petroleum within and to export petroleum or ita
* products from the territories of Kuwait on the
conditions set forth below.
in consideration of the rights granted by the
Jhnikh to the Como -ny hereunder nd of the assistance
and protection which the dhaikh shall afford to the
/r
2-0
li
So
Ji
LfO
Cowwny and its employees anti property the Company shall
nay to the Shaikh on the Agreement date in each year
the following sums *-
On signature of the Agreement Hs*65| >00
Jn each subsequent Agreement dates-
(a) prior to the drilling years Hs.2 , uo
(b) during the drilling years ha.26, joO
ic) after the grant by the
Shaikh of the rights
specified in Article 3
above but prior to the
declaration mentioned
in (d) below
na*C6, ) or
voy ity of as *2/10/-
for every 1 ton of
petroleum obtained
ana saved from the
ground over ’na above
the petroleum
required for the
Com-'<any * s o owrat i ons
hsrsunder - whichever
shall be the grafter
sum.
(d) after the Com any shall
have declared th.:t
petroleum has been
founo in co mm rc i a 1
quantities end
quality.
Ks«69 f 9 >0 in
e diti m to Hoy t Ity
of its• 2/1 V* • s .above
defined subject to a
ffiinimim in total of
iS.75 f i on the
first Agreemsnt date
after Vie decl a rr ti on
b« en m?-.de