Murban Crude Oil definition

Murban Crude Oil or means onshore liquid hydrocarbons extracted from the hydrocarbon reservoirs
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Murban Crude Oil means onshore liquid hydrocarbons extracted from the hydrocarbon reservoirs from those fields known as the BuHasa, Sahil, Shah, Asab, Bab, Huwaila, Rumaitha, Shanayel, Al-Dabb’iya Qusahwira, Bida El Qemzan and Mender Fields, and such other fields as notified by Seller from time to time.
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Murban Crude Oil means onshore liquid hydrocarbons extracted from the hydrocarbon reservoirs from the fields known as the “BuHasa, Sahil, Shah, Asab, Bab, Huwaila, Rumaitha, Shanayel, Al-Dabb’iya Qusahwira, Bida El Qemzan and Jarn Yaphour Fields”.
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Examples of Murban Crude Oil in a sentence

  • Non-Common Pricing applies.Roll Adjust ProvisionThe Floating Price quotations, used for determining the Final Settlement Price of the Murban 1st Line leg, will be the front month Murban Crude Oil Future contract daily settlement prices, except on the expiration date of the front month Murban Crude Oil Future contract.

  • The independent inspector nominated by the Buyer and accepted by the Seller shall also ensure that the vessel loads only with Murban Crude Oil.

  • Seller to provide copy of Certificate of Quantity and Quality issued by ADNOC/ADCO and copy of Certificate of Origin issued by ADNOC/ADCO confirming that the Crude Oil shipped on vessel is derived from the current production of the Murban Crude Oil field.

  • They should be present at the time of loading of the cargo to carry out the inspection and to prepare the quality (submit on line sampling test report indicating the four parameters namely “Total Sulphur, Density, RVP and BS&W” also the bidder to submit the Assay of Murban Crude Oil) and quantity certificates and any other documents specified.

  • Such contracts are referred to in this Part as “ICE Murban Crude Oil Futures Contract” or the “Contract”).

  • However, the main Covered IFAD Product initially cleared is expected to be the Murban Crude Oil Future.

  • First composite sample to be prepared at CEYPETCO Refinery Laboratory for Murban Crude Oil shall be analysed at the Refinery laboratory to check and ensure key properties i.e. Density, Sulphur, RVP and BS & W as specified under sub clause 8.2. while the second set of composite sample for Murban Crude Oil shall be retained under the custody of the independent inspector.

  • The 18 cash settled contracts that will be launched together with the Murban Crude Oil Future have similarly been discussed with market participants and have been designed to provide them with effective risk management tools related to the Murban Crude Oil Future.

  • IFAD has advised ICE Clear Europe that it therefore expects the contracts to have significant liquidity from the day of launch and is basing its internal budgeting on the expectation of an average 10,000 lots per day (across both the Murban Crude Oil Future and the 18 cash settled contracts) of trading from day one and doubling over the following months.

  • During the period of the Agreement, the Seller shall sell and deliver and the Buyer shall purchase and pay for and take or cause to be taken Murban Crude Oil for delivery at Single Point Buoy Mooring 1 (SPBM 1), Colombo, Sri Lanka for a period of seven (07) months commencing from 01st June 2022 to 31st December 2022 where not in conflict with the terms contained herein, Incoterms 2010 to apply.

Related to Murban Crude Oil

  • Transportation Company means any organization which provides its own or its leased vehicles for transportation or which provides freight forwarding or air express services.

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

  • oil tanker means a ship constructed or adapted primarily to carry oil in bulk in its cargo spaces and includes combination carriers and any “chemical tanker” as defined in Annex II of the present Convention when it is carrying a cargo or part cargo of oil in bulk.

  • Transporter means a person engaged in the off-site transportation of hazardous waste by air, rail, highway, or water.

  • Refinery means a facility used to produce motor fuel from crude oil, unfinished oils, natural gas liquids, or other hydrocarbons and from which motor fuel may be removed by pipeline, by marine vessel, or at a rack.

  • Transport Gas means the gas purchased by a Customer from a supplier other than KUB that Customer has arranged to have Delivered to KUB for delivery to the Customer by KUB.

  • Production company means a person or entity engaged in the business of making motion picture, television, or radio images for theatrical, commercial, advertising, or education purposes; Reserved

  • Ethanol blended gasoline means the same as defined in section 214A.1.