Murban Crude Oil definition

Murban Crude Oil or means onshore liquid hydrocarbons extracted from the hydrocarbon reservoirs
Sample 1Sample 2Sample 3
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.
Sample 1Sample 2
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”.
Sample 1Sample 2

Examples of Murban Crude Oil in a sentence

  • Subject to Rule L.1(b), trading in the ICE Murban Crude Oil Futures Contracts shall cease at 16.30 SPT on the Last Trading Day.

  • If at any time dealings on the Market in the ICE Murban Crude Oil Futures Contracts are suspended on any Trading Day, the Exchange may amend the provisions of this Rule L.1(a) accordingly by way of Circular.

  • The Vessel Nomination Form shall include, inter alia, the nominated Delivery Day, which must be a day within the Delivery Range, and approximate time for initiating delivery and details of the Vessel onto which Murban Crude Oil subject to delivery is to be loaded.

  • 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.

  • In addition to the Delivery Confirmation Form, the Seller will provide such other documentation or information or evidence of or security for the existence or availability of Murban Crude Oil for delivery in accordance with the Contract Rules as the Exchange or the Clearing House may require from time to time.

  • K.13.4 Without prejudice to the foregoing, the Seller and Buyer may, with the consent of the Clearing House, arrange to pass documents relating to, and to make payment for, Murban Crude Oil through the Clearing House.

  • K.1 INTERPRETATION These Contract Terms together with the applicable Contract Procedures (these Contract Terms and the Contract Procedures together the “Contract Rules”), apply to transactions in ICE Futures Abu Dhabi Murban Crude Oil Futures Contracts (“ICE Murban Crude Oil Futures Contract”).

  • K.14.5 Two (2) representative samples of each delivery of Murban Crude Oil shall be taken, in accordance with the customary practices at the Terminal, from the loading lines through which Murban Crude Oil is loaded.

  • K.6 QUALITY K.6.1 The Murban Crude Oil delivered shall be of the quality customarily supplied at the Terminal at the time of loading.

  • The quality of Murban Crude Oil actually delivered by Seller will fluctuate from time to time and may differ from one upstream field to another.

Related to Murban Crude Oil

  • Gas Transporter means the licensed operator of the transportation network through which gas is transported to you;

  • Coal means non-coking as well as coking coal, produced domestically and categorized into different classes, grades and sizes, as per the notification/order issued for such purpose by Government of India(GoI)/CIL/ Seller; and shall where the context so requires, include Imported Coal.

  • Pipeline means any pipe, pipes, or pipelines used for the intrastate transportation or transmission of any solid, liquid, or gaseous substance, except water.

  • 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.

  • energy storage means, in the electricity system, deferring the final use of electricity to a moment later than when it was generated, or the conversion of electrical energy into a form of energy which can be stored, the storing of such energy, and the subsequent reconversion of such energy into electrical energy or use as another energy carrier;

  • Hydroelectric energy means water used as the sole source of energy to produce electricity.

  • Dekatherm (dt) shall mean on million British Thermal Units and is synonymous to the term MMBTU.

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

  • Geothermal energy means energy contained in heat that continuously flows outward from the earth that is used as the sole source of energy to produce electricity.

  • 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.

  • Energy storage system means a system which stores energy and releases it in the same form as was input.

  • Eligible Renewable Energy Resource or “ERR” has the meaning set forth in California Public Utilities Code Section 399.12 and California Public Resources Code Section 25741, as either code provision is amended or supplemented from time to time.

  • Transportation Service means a service for moving people and goods, such as intercity bus service and passenger rail service.

  • 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

  • Renewable energy resource means a resource that naturally replenishes over a human, not a geological, time frame and that is ultimately derived from solar power, water power, or wind power. Renewable energy resource does not include petroleum, nuclear, natural gas, or coal. A renewable energy resource comes from the sun or from thermal inertia of the earth and minimizes the output of toxic material in the conversion of the energy and includes, but is not limited to, all of the following:

  • International air transportation means transportation by air between a place in the United States and a place outside the United States or between two places both of which are outside the United States.

  • Sailboat means the same as that term is defined in Section 73-18-2.

  • Transportation network company means a company or organization facilitating and/or providing transportation services using a computer or digital application or platform to connect or match passengers with drivers for compensation or a fee.