Petroleum Code definition

Petroleum Code means Law No. 99/013 of December 22, 1999 constituting the Petroleum Code of the Republic of Cameroon, revised and amended, if applicable.
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Petroleum Code means the Ordinance N 119/PRG/86 of September 23, 1986 concerning the legal and fiscal regime of the exploration and exploitation of Petroleum as well as the regulations made thereunder.
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Petroleum Code means Law no96-018 of September 4, 1996 constituting the Petroleum Code of the Republic of Madagascar as in effect on the Effective Date, and its implementing texts, and as may be amended from time to time.
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Examples of Petroleum Code in a sentence

  • Subject to the provisions of this article, the terms and expressions defined in the Petroleum Code and in the Petroleum Regulation shall have the meaning given to them in those texts.

  • A respondent is assumed to have had an impact of 0 for any metric for which the respondent did not report a non-zero value, with the exception that all respondents who reported electricity or fuel savings (except hydrogen) are counted as having CO2e emissions impacts.• Annual Program Impacts o Estimated Impact: Estimated annual impacts for the full population of 150 demonstration projects.

  • The Petroleum Code of 2006 has introduced the possibility of using PSCs. The Code also provides that the state of Benin can conclude all kinds of contracts in use in the international oil industry.

  • The CONTRACTOR and its Sub-Contractors shall comply with the provisions of Sections 76 and 77 of the Petroleum Code pertaining to granting preference to Cameroonian enterprises and personnel for the purposes of Petroleum Operations and notably for construction, supply, and service contracts.

  • Fiscal regime The fiscal regime applicable to the petroleum industry is provided for by the Beninese Tax Code, the 2006 Petroleum Code or the 1973 Petroleum Code (as applicable) and the agreement concluded between the hydrocarbons contractor and the Beninese authorities.

  • Three types of permits are provided for under the Petroleum Code of 1973: • A prospecting authorization: This allows its owner to perform investigations from the surface with potential use of geophysical and geochemical methods to obtain evidence of hydrocarbons.

  • Petroleum contracts signed with the Beninese authorities before 17 October 2006 are governed by the Petroleum Code dated 13 April 1973 (Order No. 73-33).

  • On 17 October 2006, a new Petroleum Code was issued by the Beninese authorities (Law No. 2006-18).

  • VAT Value-added tax (VAT) is not included in the Petroleum Code of 2006.

  • Fiscal regime Hydrocarbon contracts signed before the publication of the Petroleum Code of 2006 remain governed by the Petroleum Code of 1973.


More Definitions of Petroleum Code

Petroleum Code means the Petroleum Code and Implementation Decree of the Republic of Guinea as amended effective as of the date of this Agreement. Petroleum Costs shall have the meaning ascribed to such term in the PSC [<Depenses Petrolieres>] PSC means the Hydrocarbon Production Sharing Contract [<Contrat de Partage de Production d’Hydrocarbures>] as defined in the preamble to this Agreement and any further amendments, extensions or renewals thereto.
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Related to Petroleum Code

  • Petroleum refinery means each facility engaged in producing gasoline, kerosene, distillate fuel oils, residual fuel oils, lubricants, or other products through distillation of petroleum or through redistillation, cracking, extracting, or reforming of unfinished petroleum derivatives.

  • Petroleum Operations means, as the context may require, Exploration Operations, Development Operations or Production Operations or any combination of two or more of such operations, including construction, operation and maintenance of all necessary facilities, plugging and abandonment of Xxxxx, safety, environmental protection, transportation, storage, sale or disposition of Petroleum to the Delivery Point, Site Restoration and any or all other incidental operations or activities as may be necessary.

  • Petroleum Products means gasolines and petroleum oil distillates or blend stocks as further described in Item 10.

  • Petroleum liquids means crude oil, condensate, and any finished or intermediate products manufactured or extracted in a petroleum refinery.

  • Petroleum product means gasoline, gasoline−alcohol fuel blends, kerosene, fuel oil, burner oil, diesel fuel oil or used motor oil.

  • Liquefied petroleum gas means a mixture of light hydrocarbons (predominantly propane, butane) that is gaseous under conditions of ambient temperature and pressure and that is maintained in a liquid state by an increase of pressure or lowering of temperature;

  • Petroleum means the crude oil removed from the earth and the oils derived from tar sands, shale, and coal.

  • petroleum agreement means an agreement for the purpose of petroleum activities entered into by Government and another person in accordance with this Act;

  • Geothermal resources shall collectively mean the matter, substances and resources defined in subparagraph 21(a) that are not subject to this Lease but are located on adjacent land or lands in reasonable proximity thereto;

  • Mineral Resource means a concentration or occurrence of natural, solid, inorganic or fossilized organic material in or on the Earth’s crust in such form and quantity and of such a grade or quality that it has reasonable prospects for economic extraction. The location, quantity, grade, geological characteristics and continuity of a mineral resource are known, estimated or interpreted from specific geological evidence and knowledge.

  • Crude Petroleum means the direct product of oil wells or a mixture of the indirect products transportable like the direct products and containing not more than two percent (2%) of sediment, water, and other impurities.

  • Minerals means any and all ores (and concentrates derived therefrom) and minerals, precious and base, metallic and non-metallic, in, on or under the Property which may lawfully be explored for, mined and sold.

  • Unleased mineral owner means a royalty interest owner who owns oil and/or gas rights free of a lease or other instrument conveying all or any portion of the working interest in such rights to another. At the time of this order, the unleased mineral owners identified by Ascent include those listed on Exhibit A.

  • Mining Act means the Mining Xxx 0000;

  • Oil means petroleum in any form including crude oil, fuel oil, sludge, oil refuse and refined products (other than petrochemicals which are subject to the provisions of Annex II of the present Convention) and, without limiting the generality of the foregoing, includes the substances listed in Appendix I to this Annex.

  • Gas Transporter means the licensed operator of the transportation network through which gas is transported to you;

  • Natural Gas Liquids means those hydrocarbon components that can be recovered from natural gas as a liquid including, but not limited to, ethane, propane, butanes, pentanes plus, and condensates;