الترخيص لوزير البترول في التعاقد مع الهيئة وأيوك للبحث بخليج السويس ودلتا النيل

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٢٠٢١ ‫ دﯾﺴﻤﺒﺮ ﺳﻨﺔ‬١٨ ‫ ﻣﻜﺮر )ج( ﻓﻰ‬٥٠ ‫اﻟﺠﺮﯾﺪة اﻟﺮﺳﻤﯿﺔ – اﻟﻌﺪد‬ (6) As used herein, Egyptian Income Tax shall be inclusive of all income taxes payable in the A.R.E. (including tax on tax) such as the tax on income from movable capital and the tax on profits from commerce and industry and inclusive of taxes based on income or profits including all dividends, withholding with respect to shareholders and other taxes imposed by the GOVERNMENT of A.R.E. on the distribution of income or profits by CONTRACTOR.

‫صو‬

(7) In calculating its A.R.E. income taxes, EGPC shall be entitled

‫رة إلك‬

to deduct all royalties paid by EGPC to the GOVERNMENT

on CONTRACTOR's behalf.

ARTICLE IV

‫تروني‬

and CONTRACTOR's Egyptian income taxes paid by EGPC

‫تد بها‬ ‫ع‬

CONTRACTOR shall commence the Exploration operations hereunder, directly or through the Operating Company not later

‫عند ال‬

than six (6) months after the Effective Date in the New Exploration Area unless otherwise agreed upon by EGPC. CONTRACTOR shall have the right to use and obtain all seismic,

‫تداول‬

(a)

‫ة ال ي‬

WORK PROGRAM AND EXPENDITURES

wells and other data with respect to the Area in EUG's possession and in accordance with the regulations in such respect.