Hydrocarbon Activities definition

Hydrocarbon Activities means all Petroleum Operations carried out in connection with this Agreement by Contractor Party, directly or through the Operating Company, whether such activities are performed in the Republic of Azerbaijan or elsewhere. Each Contractor Party shall maintain separate books and accounts for the above Hydrocarbon Activities;
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Hydrocarbon Activities shall be defined as all activities relating to Petroleum in the State, whether such activities are performed in the State or elsewhere. kənarda həyata keçirilməsindən asılı olmayaraq.
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Hydrocarbon Activities means all types of Petroleum Operations and
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Examples of Hydrocarbon Activities in a sentence

  • Each Contractor Party shall be liable for payment of the Profit Tax in connection with its business activities in the Republic of Azerbaijan that are not related to Hydrocarbon Activities, under the applicable laws and normative acts of the Republic of Azerbaijan.

  • Bu aşağıdakılara tətbiq edilir: (a) Each Contractor Party, the Operating Company and their Sub-contractors shall be exempt with credit (zero (0) percent rate) from VAT in connection with Hydrocarbon Activities.

  • Pursuant to § 6 of the Hydrocarbon Activities Act, the Minister awards the licenses forthe exploration and exploitation of hydrocarbons.

  • Exhibit CE-CC-251, IEMS Environmental Evaluation Report, Hydrocarbon Activities, Consortium for Block 7 and Block 21, Burlington v.

  • Speech by Minister for Minerals and Petroleum Kim Kielsen (of Greenland) at: http://www.cairn- energy.plc.uk/downloads/Greenland_Speech_by_Minister_Kim_Kielsen_9_January_2008.pdf (viewed 10.03.2008).Figure: 2 – Hydrocarbon Activities in the Arctic according to country: CountryAreas and ReservesUnited StatesMost of the activities occur onshore in the Prudhoe Bay.

  • In accordance with provisions of ACG and Shah Deniz PSAs, the Company is charged with zero per cent VAT related to Hydrocarbon Activities or Oil-Gas operations on the territory of the Republic of the Azerbaijan under the respective PSAs according to a VAT expemption certifications issued by tax authorities and effective until 2 January 2022 and 30 June 2021, respectively.

  • In this connection the Licensee shall comply with rules regarding reporting hereon issued under section 33 of the Act on Hydrocarbon Activities.

  • While any high angle boundary may be formally described by a dislocation arrangement, it is not so evident Figure 15.

  • Clause 24 stipulates that co-licensees shall be jointly and severally liable for any compensation and damages payable to fishermen pursuant to section 7 of the Act on Hydrocarbon Activities.

  • In the case of a student’s early withdrawal – whether initiated by the family or by the Regis Catholic Schools’ Administration – tuition will becharged through the end of the academic quarter in which the student is enrolled.


More Definitions of Hydrocarbon Activities

Hydrocarbon Activities means all Petroleum Operations carried out in connection with this Agreement by Contractor Party, directly or through the Operating Company, whether such activities are performed in the Republic of Azerbaijan or elsewhere. Each Contractor Party shall maintain separate books and accounts for the above Hydrocarbon Activities. (iv) "Tax Authority" means the Ministry of Taxes of the Republic of Azerbaijan or any successor thereto appointed by the Ministry of Taxes of the Republic of Azerbaijan. (v) "Fraud" means any illegitimate action or omission of the Contractor Party expressed in deliberate, intended and premeditated cases of failures for the purpose of evasion from Taxes by means of concealing information on Taxes or prevention of submission or collection thereof. (vi) "Profit Tax Rate" is a rate of twenty two (22) percent which is the applied Profit Tax Rate existing in Republic of Azerbaijan on the day of execution of this Agreement and which shall remain fixed for the entire term of this
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Hydrocarbon Activities means activities relating to the exploitation of the Contract Area, whether such activities are performed in the Azerbaijan Republic or elsewhere.
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Related to Hydrocarbon Activities

  • Hydrocarbons means oil, condensate, gas, casinghead gas and other liquid or gaseous hydrocarbons.

  • Projects means the projects identified in Exhibit A to the Agreement and all other projects, any costs of which are included in a Transitional Capital Plan pursuant to the Act or are Recovery Costs, and financed, by payment or reimbursement, with the proceeds of Bonds or Notes.

  • 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.

  • Intrascholastic Activities means athletic or non-athletic/academic activities where students compete with students from within the same school.

  • Oil and gas means petroleum, natural gas and other related hydrocarbons or minerals or any of them and all other substances produced or extracted in association therewith.

  • Production means a method of obtaining goods including manufacturing, assembling, processing, raising, growing, breeding, mining, extracting, harvesting, fishing, trapping, gathering, collecting, hunting and capturing.

  • Mining Operations means obtaining or extracting any mineral by any mode or method or any purpose directly or indirectly connected therewith or incidental thereto, including—