Internal Supply Prices||‌ Sample Clauses

Internal Supply Prices||‌. 10.2.1. When the Contractor is required to sell crude oil of its property to meet the refining needs for domestic supply, the respective prices must be calculated based on the international price of Hydrocarbons, as provided for in Resolution No. 18 1709 of December 23, 2003, of the Ministry of Mines and Energy, or in the legal or regulatory provision that modifies, adds to or substitutes it.
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Internal Supply Prices||‌. When the Contractor is required to sell liquid Hydrocarbons of its property in order to meet refining requirements for domestic supply, the respective prices must be calculated based on the international price, pursuant to that provided for in Resolution No. 18 709 of December 23, 2003, issued by the Ministry of Mines and Energy, or the provision that modifies or replaces it. In the case of Natural Gas, the provisions of Article 27 of Decree 2100 of 2011 and of Resolution XXXX 041 of 2013, or of the legal or regulatory norm that modifies, adds to or replaces them, must be applied. CHAPTER VII: XXX CONTRACTUAL RIGHTS CLAUSE 27 ECONOMIC RIGHTS:‌‌ For the purpose of allocating the Area that is the subject matter of this Agreement and the rights granted to the Contractor as a result of its execution and performance, the Rights listed in this Clause shall apply. The Hydrocarbons obtained as a result of conducting the Production tests also generate Economic Rights for the Use of the Subsurface on Production in each Discovery, Field and Allocated Producing Area, Production Share (X%), Additional Production Share and for High Prices, if any. The economic rights referred to in this clause correspond to those described in Agreement 2 of 2017, "Regulation of Allocation of Areas for Hydrocarbon Exploration and Production", as described herein below. Eventual amendments, substitutions, derogation of the aforementioned Regulations, shall not change the provisions agreed herein.

Related to Internal Supply Prices||‌

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