Light Crude definition
Examples of Light Crude in a sentence
Malaysia shall provide adequate supply of natural gas as fuel and feed-stock for use by the Project at a price of US$0.70 per million BTU delivered to project plant, which price commencing g from 1 January 1979, shall be subject to an escalation rate of not more than seven per cent (7%) per annum based on the simple average of the actual rates of price increases in the immediately preceding calendar year of the following: Thirty-three and one third per cent (33 1/3%) Miri Light Crude.
Is referred to as being Bonny Light Crude Oil, elsewhere in this agreement also referred to as Bonny Light Crude Oil, whose specifications are detailed in Annex »A« attached hereto as an integral part of this agreement.
Nigerian Light Crude Oil Grades Bonny Light will be used as the reference crude for all other Nigerian crude oils except Forcados and Bonny Medium.
The Crude Oil offered by the Seller and accepted by the Buyer is Nigerian National Petroleum Corporation (NNPC) standard and export grade of Bonny Light Crude Oil (BLCO) and shall comply with the NNPC Official Technical Specifications.
Since March 2003, the historic data with respect to the closing prices of futures contracts on Sweet Light Crude Oil (CL), Heating Oil (HO), Wheat (W), Corn (C), Gold (GC) and Aluminum (MAL) originated from Reuters.
Malaysia shall provide adequate supply of natural gas as fuel and feed-stock for use by the Project at a price of US$0.70 per million BTU delivered to project plant, which price commencing from 1 January 1979, shall be subject to an escalation rate of not more than seven per cent (7%) per annum based on the simple average of the actual rates of price increases in the immediately preceding calendar year of the following: Thirty-three and one third per cent (33 1/3%) Miri Light Crude.
Seller hereby offers for sale on CIF Basis, from Bonny Terminal, Nigeria, Bonny Light Crude Oil in lots of 1,000,000 BBLS (One Million Barrels) ±10% per month for twelve (12) months plus mutually agreed extensions and rollovers.
Seller hereby offers for sale on CIF Basis, from Bonny Terminal, Nigeria, Bonny Light Crude Oil in lots of 2,000,000 BBLS (Two Million Barrels) ±10% per month for twelve (12) months plus mutually agreed extensions and rollovers.
The Agreement is complied in three originals of nineteen(19) pages, including “Product Description-Bonny Light Crude, Draft of Performance and color copy of passports of the Seller and Buyer.
EEMS Site Gas, Light Crude or Heavy Crude Site Gas, Light Crude or Heavy Crude Table A1: Allocation of Oil and Gas Sites within EEMS: cont.