٢٠٢١ دﯾﺴﻤﺒﺮ ﺳﻨﺔ١٨ ﻣﻜﺮر )ج( ﻓﻰ٥٠ اﻟﺠﺮﯾﺪة اﻟﺮﺳﻤﯿﺔ – اﻟﻌﺪد
3) In case CONTRACTOR fail to recover, in any given quarter, through Cost Recovery Oil all Development expenditures relevant to operations under Abu Madi Lease (shown in Annex “B” hereunder), then: i) EGPC shall refund to CONTRACTOR in Crude Oil all or part of the above unrecovered amounts of such costs to the extent of the quantity of Excess Cost Recovery Crude Oil; ii) EGPC shall refund in Crude Oil to CONTRACTOR all or part of such unrecovered costs out of EGPC share of Profit Oil. Such refund shall take place within the first quarter of the
صو
following year, but not after the termination of this
رة إلك
Agreement.
4) The recovery of costs and expenses, based upon the rates
تروني
referred to above, shall be allocated to each quarter
proportionately (one fourth to each quarter). However, any
ة ال ي
recoverable costs and expenses not recovered in one quarter
as thus allocated, shall be carried forward for recovery in the
تد بها ع
next quarter.
5) Any new investments or costs during the last five (5) years for “Development Expenditures” or for “Exploration Expenditures”
عند ال
from Concession Agreement period shall be excluded from item 1- and 2- above, and shall be recoverable proportionately over the remaining available quarters of the Concession
تداول
٩٧
Agreement period starting from the quarter in which such costs (as the case may be) are incurred and paid during the Tax Year, and till the end date.
