Furthermore, the NIOC, after reaching an agreement with the Management and Planning Organization (MPO), must settle account with the treasury every three months in accordance with volume obtained from each oilfield along with a performance report stipulated in agreement with the MPO and confirmed by it hitherto. The clause also continued that the value of crude oil for export is exactly equal to the income earned from crude sale at the initial locations, i.e. price determination, and as to the crude delivered to domestic refineries the basis of calculation per month is the average export prices from the place the sale is initiated. Should the determined average, crude price, exceeds the assessed value foreseen in the bill, the Paragraph ‘D then considers it as surplus profit that is to be carried into the treasury account. At any given time, it is the government that may exercise its right of ownership to gas and oil resources whether to sign the second agreement with the NIOC next year, the clause further stipulates. PIN/MNA