"ملف ٥ /١ VI شركة نفط الكويت" [و‎‎١‎٣] (٦٢٠/٣٠)

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may decide. The Company shall duly close any unproduc-
tiv - oies drilled by it and subsequently abandoned.
Article 3•
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As from the Agreement date in 1^36 or from the
7 ** هذه التواريخ تقريبية 1
/Agreement date next following the termination of the
drilling years the Shaikh undertakes to grant for
70 years 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 its
,0 products from the territories of Kuwait on the
conditions set forth below.
Article 4 (a) In consideration of the rights granted by the
Jhaikh to the Company hereunder and of the assistance
and protection which the Shaikh shall afford to the
'* Company ana its employees and property the Company shall
pay to the Shaikh on the Agreement date in each year
the following sums !~
On signature of the Agreement Rs.50,000
On each subsequent Agreement date*-
1 O
IS
(a) prior to the drilling years Ha.20,000
(b) during the drilling years Ha.25,O X)
(c) after the grant by the
Shaikh of the rights
specified in Article 3
above but prior to the
declaration mentioned
in (d) below
Hs.25,000 or
Royalty of Rs.2/10/-
for every 1 Ton of
petroleum obtained
and saved from the
ground over and above
the petroleum
required for the
3- Company^ operations
hereunder - whichever
shall be the greater
sum.
\d) after the Company shall
have declared that
j:f petroleum has been
found in commercial
quantities and
quality.
(i)
Hs .50,000 in
addition to Royalty
of Hs.2/10/- as above
defined subject to a
minimum in total of
Rs.65,000 on the
first Agreement date
after the declaration
has been made