Crude Oil definition

Crude Oil means any liquid hydrocarbon mixture occurring naturally in the earth whether or not treated to render it suitable for transportation and includes:

Crude Oil means a naturally occurring mixture which consists of hydrocarbons or sulfur, nitrogen or oxygen derivatives of hydrocarbons and which is a liquid at standard conditions.

Crude Oil or “oil” means a mixture that consists mainly of pentanes and heavier hydrocarbons, which may contain sulphur and other non-hydrocarbon compounds, that is recoverable at a well from an underground reservoir and that is liquid at the conditions under which its volume is measured or estimated. It does not include solution gas or natural gas liquids.

Examples of Crude Oil in a sentence

• However, in case of difference between the quantity determined by Independent Surveyor at the onshore storage facility at Ravva field and quantity received by the Vessel, findings of Independent Surveyor at the onshore storage facility will be final and binding for determination of Bill of Lading quantity of Crude Oil.

• In the event of any ambiguity or inconsistency between the terms of the Shell GTCs and the terms of this Agreement, the precedence shall be in the following order of priority: Priority 1: Agreement Priority 2: Shell GTC "Shell GTC" shall mean Shell International Trading and Shipping Company limited General Terms & Conditions for Sales and Purchases of Crude Oil; 2010 edition as given in Annexure — IV.

• Xxxxxxxx-XXX mentions the applicable test and standards for Crude Oil measurement.

• All taxes, duties, levies or other government charges or charges levied under the authority of law relating to sale of Crude Oil, as applicable on the date of this Agreement, shall be on account of the Buyer.

More Definitions of Crude Oil

Crude Oil means all crude oil and condensate.

Crude Oil means a naturally occurring mixture consisting of hydrocarbons and/or sulfur, nitrogen, and/or oxygen derivatives of hydrocarbons and which is a liquid in the reservoir and at standard conditions.

Crude Oil or “Oil” or “Crude” means all kinds of hydrocarbons and bitumen, both in solid and in liquid form, in their natural state or obtained from Natural Gas by condensation or extraction, including distillate and Condensate when commingled with the heavier hydrocarbons and delivered as a blend at the Delivery Point but excluding Natural Gas.

Crude Oil means crude mineral oil and all liquid hydrocarbons in their natural state or obtained from Natural Gas by condensation or extraction;

Crude Oil means all hydrocarbons regardless of gravity that are produced at the wellhead in liquid state at atmospheric pressure, asphalt ozokerites and the liquid hydrocarbons known as distillates or Natural Gas Liquids obtained from Natural Gas by condensation or extraction;

Crude Oil means a mixture consisting mainly of pentanes and heavier hydrocarbons that exists in the liquid phase in reservoirs and remains liquid at atmospheric pressure and temperature. Crude oil may contain small amounts of sulfur and other non-hydrocarbons but does not include liquids obtained from the processing of natural gas.

Crude Oil means the unrefined mixture of liquid hydrocarbons, of any grade or specific gravity, commonly known as petroleum or oil.