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Disbursements:
Banque de Paris $880,000.00
Minora (DPC) 115,000.00
Galion 10,000.00
FK (Tonekaboni) 100,000.00
Zanganeh 80,000.00
Swiss Credit Bank #29934 83,000.00
Price Waterhouse 2,248.85
FNCB-London 2,500.00
Bank & Check Charges 135.19
C. Ashland
On April 4, 1974, Ashland Bermuda Limited (Ashland) entered
into an agreement with All Patents Corporation Limited (All
Patents) whereby Ashland hired All Patents as a consultant in
negotiations between Ashland and NIOC. These negotiations were
in connection with the purchase of crude oil to be used in a
joint venture involving the operation of refineries in the United
States. The name of the signer for All Patents is
unrecognizable. The agreement provided that Ashland would pay
All Patents a fee of 3 cents per barrel of oil that NIOC sold to
Ashland in exchange for, by its own terms, "personal services"
provided by All Patents. Under this and other agreements with
Ashland, All Patents was a consultant providing technical
assistance and other services in connection with NIOC's supply of
crude oil to Ashland. There were also previously in place two
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