Crude Petroleum definition

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.

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Crude Petroleum means the direct liquid product of oil wells, oil processing plants, the indirect liquid petroleum products of oil or gas wells, oil sands, or a mixture of such products.

Crude Petroleum as herein used means the direct liquid products of oil wells, or a mixture of the direct liquid products of oil wells with the indirect liquid products of oil and gas wells including gasoline and liquefied petroleum gases.

Examples of Crude Petroleum in a sentence

He shall also have the right to proceed with the separation of liquids of all Natural Gas produced, and to transport, store, as well as to sell on the local or export market his share of the liquid Hydrocarbons thus separated, which Hydrocarbons shall be considered as Crude Petroleum for purposes of their sharing between the Parties according to Article 10 here above.
For each deposit, it shall indicate the quantities of Crude Petroleum and of Natural Gas which have been transported in the course of the preceding month, between the field and the point of export or delivery, as well as the identification of the pipeline utilized and the cost of transport paid, whenever transport was carried out by Third Parties.
In the event the Parties agree to an expedited restoration plan wherein AES agrees to fund a portion of the restoration cost, then neither Party shall have the right to terminate this Agreement pursuant to Section 5.1 above so long as such restoration is being conducted with due diligence, and AES shall pay such portion of the restoration costs to ▇▇▇▇▇▇ in advance based on an estimate conforming to applicable Crude Petroleum pipeline industry standards.
Any work performed by ▇▇▇▇▇▇ pursuant to this Section 6.5 shall be performed and completed in a good and workmanlike manner consistent with applicable Crude Petroleum industry standards and in accordance with all Applicable Laws.
In consideration of the fees payable by AES to ▇▇▇▇▇▇ as provided in Section 4 of this Agreement (it being acknowledged that higher charges would be made but for the limitation of liability set forth in this section), it is understood and agreed that under no circumstances may Marlin’s liability for Crude Petroleum loss or damage or for any other loss or damage under this Agreement, including the indemnification provisions set forth in Section 12 hereinafter, exceed $1,000,000.

More Definitions of Crude Petroleum

Crude Petroleum means the direct liquid product of oil wells, oil processing plants, the indirect liquid petroleum products of oil or gas wells, oil sands, or a mixture of such products, but does not include Natural Gas Liquids or Refined Petroleum Products.

Crude Petroleum means the grade or grades of the direct liquid product of oil or gas wells which Carrier has undertaken to gather or transport.

Crude Petroleum as herein used means direct liquid products of oil wells, Condensate or a mixture thereof. “ ° ” as herein used means degrees Fahrenheit.

Crude Petroleum means the direct liquid product of oil wells, indirect petroleum products resulting either from refining crude petroleum or from the operation of gasoline recovery plants, gas recycling plants or distillate recovery equipment in gas and distillate fields, or a mixture of the direct product and indirect petroleum products.

Crude Petroleum. , as used herein, means either the direct liquid products of oil wells, or a mixture of the direct liquid products of oil wells with the indirect liquid products of oil or gas wells.

Crude Petroleum as used herein, means the direct product of oil wells, indirect petroleum products resulting either from distillate recovery equipment in gas and distillate fields, or a mixture of the direct product and indirect petroleum products.

Crude Petroleum as used herein, means either Direct Products, or a mixture of Direct Products with Indirect Liquid Products, including natural gasoline and liquefied petroleum gases, as provided in Rule 5 of this section.