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;
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.
Hydrocarbon Activities means all types of Petroleum Operations and

Examples of Hydrocarbon Activities in a sentence

  • 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.

  • The Faroe Islands may continue to apply provisions on licences according to Articles 10, 11 and 18 of the Hydrocarbon Activities Act (No. 31, 16 March 1998).

  • In this respect, the Faroese Act on Hydrocarbon Activities shall be interpreted so as to allow Icelandic legal persons established, and Icelandic natural persons domiciled in the Faroe Islands, to enjoy rights under that Act on a non-discriminatory basis.

  • 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 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.

  • The Contractor following the laws of Peru should comply with all norms and dispositions of the "Regulations on the Environment for Hydrocarbon Activities," approved by Supreme Decree No.046-093-EM and modifications by Legislative Decree No. 613 "Code of the Environment and Natural Resources" and other pertinent legislation.

  • In accordance with the Hydrocarbon Activities Act, licenses may be issued only after licensing rounds have been held.

  • Regulations for Environmental Protection in Hydrocarbon Activities approved by Supreme Decree No. 015-2006-EM.

  • This is how the Citizen Participation Regulation for Hydrocarbon Activities was adopted under Supreme Decree No. 002-2019-EM.

  • Prior to calling for the Bidding Process, PERUPETRO has carried out the Citizen Participation process required by Section 10 of the Citizen Participation Regulations for the Performance of Hydrocarbon Activities, approved by Supreme Decree No. 002-2019-EM.


More Definitions of Hydrocarbon Activities

Hydrocarbon Activities means all Petroleum Operations and all other activities carried out in connection with this Agreement by the Contractor Party, directly or through the Operating Company, relating to the rehabilitation, exploration, development and production of Petroleum from the Contract Area, including processing of Petroleum and further storage and sale of the products processed thereof inside and outside of the Azerbaijan Republic, whether such activities are performed in the Azerbaijan Republic or elsewhere. Each Contractor Party shall maintain separate books and accounts for its respective Hydrocarbon Activities. (a) За исключением обязательства по Налогу на прибыль, изложенного в настоящей Статье 14, Подрядные стороны не облагаются никакими Налогами какого бы то ни было характера, возникающими в связи или относящимися прямо или косвенно к Углеводородной деятельности.
Hydrocarbon Activities means activities relating to the exploitation of the Contract Area, whether such activities are performed in the Azerbaijan Republic or elsewhere.
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
Hydrocarbon Activities means all Petroleum Operations and all other activities carried out in connection with this Agreement by the Contractor Party, directly or through the Operating Company, relating to the rehabilitation, exploration, development and production of Petroleum from the Contract Area, including finishing up Petroleum to the applicable standard, further storage and sale, whether such activities are performed in the Republic of Azerbaijan or elsewhere. Each Contractor Party shall maintain separate books and accounts for its respective Hydrocarbon Activities. (iv) “Vergi orqanı“ – Azərbaycan Respublikasının Vergilər Nazirliyi və ya Azərbaycan Respublikasının Vergilər Nazirliyinin təyin etdiyi hər hansı varisi deməkdir. (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.

Related to Hydrocarbon Activities

  • Hydrocarbon Interests means all rights, titles, interests and estates now or hereafter acquired in and to oil and gas leases, oil, gas and mineral leases, or other liquid or gaseous hydrocarbon leases, mineral fee interests, overriding royalty and royalty interests, net profit interests and production payment interests, including any reserved or residual interests of whatever nature.

  • Power production activities means any business operation that involves a project commissioned by the government of Iran whose purpose is to facilitate power generation and delivery, including, but not limited to, establishing power-generating plants or hydroelectric dams, selling or installing components for the project, providing service contracts related to the installation or maintenance of the project, as well as facilitating such activities, including by providing supplies or services in support of such activities.

  • Hydrocarbons means oil, gas, casinghead gas, drip gasoline, natural gasoline, condensate, distillate, liquid hydrocarbons, gaseous hydrocarbons and all products refined or separated therefrom.

  • Oil and Gas Business means the business of exploiting, exploring for, developing, acquiring, operating, producing, processing, gathering, marketing, storing, selling, hedging, treating, swapping, refining and transporting hydrocarbons and other related energy businesses.

  • Hydrocarbon means a compound consisting of hydrogen and carbon, which, when naturally occurring, may also contain other elements such as sulphur;

  • 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.

  • Exploration means all activities directed toward ascertaining the existence, location, quantity, quality or commercial value of deposits of Products.

  • 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.

  • Construction Activities means the disturbance of soils associated with clearing, grading, excavation activities or other construction-related activities.

  • Oil and Gas Properties means (a) Hydrocarbon Interests; (b) the Properties now or hereafter pooled or unitized with Hydrocarbon Interests; (c) all presently existing or future unitization, pooling agreements and declarations of pooled units and the units created thereby (including without limitation all units created under orders, regulations and rules of any Governmental Authority) which may affect all or any portion of the Hydrocarbon Interests; (d) all operating agreements, contracts and other agreements, including production sharing contracts and agreements, which relate to any of the Hydrocarbon Interests or the production, sale, purchase, exchange or processing of Hydrocarbons from or attributable to such Hydrocarbon Interests; (e) all Hydrocarbons in and under and which may be produced and saved or attributable to the Hydrocarbon Interests, including all oil in tanks, and all rents, issues, profits, proceeds, products, revenues and other incomes from or attributable to the Hydrocarbon Interests; (f) all tenements, hereditaments, appurtenances and Properties in any manner appertaining, belonging, affixed or incidental to the Hydrocarbon Interests and (g) all Properties, rights, titles, interests and estates described or referred to above, including any and all Property, real or personal, now owned or hereinafter acquired and situated upon, used, held for use or useful in connection with the operating, working or development of any of such Hydrocarbon Interests or Property (excluding drilling rigs, automotive equipment, rental equipment or other personal Property which may be on such premises for the purpose of drilling a well or for other similar temporary uses) and including any and all oil xxxxx, gas xxxxx, injection xxxxx or other xxxxx, buildings, structures, fuel separators, liquid extraction plants, plant compressors, pumps, pumping units, field gathering systems, tanks and tank batteries, fixtures, valves, fittings, machinery and parts, engines, boilers, meters, apparatus, equipment, appliances, tools, implements, cables, wires, towers, casing, tubing and rods, surface leases, rights-of-way, easements and servitudes together with all additions, substitutions, replacements, accessions and attachments to any and all of the foregoing.

  • Oil ’ means oil of any kind or in any form, including, but not limited to, petroleum, fuel oil, sludge, oil refuse, and oil mixed with wastes other than dredged spoil;

  • 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.

  • Petroleum Substances means petroleum, natural gas, natural gas liquids, related hydrocarbons and any and all other substances, whether liquid, solid or gaseous, whether hydrocarbons or not, produced or producible in association with any of the foregoing.

  • Oil and Gas Interests means: (a) direct and indirect interests in and rights with respect to oil, gas, mineral and related properties and assets of any kind and nature, direct or indirect, including, without limitation, working, royalty and overriding royalty interests, mineral interests, leasehold interests, production payments, operating rights, net profits interests, other non-working interests, contractual interests, non-operating interests and rights in any pooled, unitized or communitized acreage by virtue of such interest being a part thereof; (b) interests in and rights with respect to Hydrocarbons and other minerals or revenues therefrom and contracts and agreements in connection therewith and claims and rights thereto (including oil and gas leases, operating agreements, unitization, communitization and pooling agreements and orders, division orders, transfer orders, mineral deeds, royalty deeds, oil and gas sales, exchange and processing contracts and agreements and, in each case, interests thereunder), and surface interests, fee interests, reversionary interests, reservations and concessions related to any of the foregoing; (c) easements, rights-of-way, licenses, permits, leases, and other interests associated with, appurtenant to, or necessary for the operation of any of the foregoing; (d) interests in oil, gas, water, disposal and injection xxxxx, equipment and machinery (including well equipment and machinery), oil and gas production, gathering, transmission, compression, treating, processing and storage facilities (including tanks, tank batteries, pipelines and gathering systems), pumps, water plants, electric plants, gasoline and gas processing plants, refineries and other tangible or intangible, movable or immovable, real or personal property and fixtures located on, associated with, appurtenant to, or necessary for the operation of any of the foregoing; and (e) all seismic, geological, geophysical and engineering records, data, information, maps, licenses and interpretations.

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

  • Production Facilities (7 9) means "production equipment" and specially designed software therefor integrated into installations for "development" or for one or more phases of "production".

  • Subject Business means the policy or policies that are

  • Production Burdens means any royalties (including lessor’s royalties), overriding royalties, production payments, net profit interests or other similar interests that constitute a burden on, and are measured by or are payable out of, the production of Hydrocarbons or the proceeds realized from the sale or other disposition thereof (including any amounts payable to publicly traded royalty trusts), but excluding Taxes and assessments of Governmental Entities.

  • Interfering Activities means (A) encouraging, soliciting, or inducing, or in any manner attempting to encourage, solicit, or induce, any Person employed by, or providing consulting services to, any member of the Company Group to terminate such Person’s employment or services (or in the case of a consultant, materially reducing such services) with the Company Group; (B) hiring any individual who was employed by the Company Group within the six (6) month period prior to the date of such hiring; or (C) encouraging, soliciting, or inducing, or in any manner attempting to encourage, solicit, or induce, any Business Relation to cease doing business with or reduce the amount of business conducted with the Company Group, or in any way interfering with the relationship between any such Business Relation and the Company Group.

  • 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—

  • Commercial Activities means activities conducted on a commercial basis.

  • Development Activities means those activities which are normally undertaken for the development, construction, repair, renovation, rehabilitation or conversion of buildings for residential purposes, including the acquisition of property;

  • Oil and Gas Hedging Contracts means any oil and gas purchase or hedging agreement, and other agreement or arrangement, in each case, that is designed to provide protection against oil and gas price fluctuations.

  • Economic activities shall in principle include activities of an industrial, commercial and professional character and activities of craftsmen;

  • Production Operations means all operations conducted for the purpose of producing Petroleum from the Development Area after the commencement of production from the Development Area including the operation and maintenance of all necessary facilities therefor.