Oil Revenue Law definition

Oil Revenue Law means the oil revenue law of the State, Law No. 8/2004 of the 30th of December, as amended, supplemented or replaced from time to time;
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Oil Revenue Law means Law No. 8/2004 of the 30th of December;
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Oil Revenue Law means the oil revenue law of the State, Law No. 8/2004 of the 30th of December, as amended, supplemented or replaced from time to time; "Operating Costs" means expenditures incurred and obligations made as determined in accordance with Article 2 of the Accounting Procedures; 6 "Parties" or "Party" means the parties or a party to this Contract; "Person" means any individual or legal entity, consortium, join venture, partnership, trust, heir, unincorporated or incorporated organization, or government or any agency or local entity, whether national or foreign, Resident or Non-Resident (as defined in the Petroleum Taxation Law) of Sao Tome and Principe; "Petroleum" means:
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Examples of Oil Revenue Law in a sentence

  • Payments shall be made into the National Petroleum Account in accordance with the Oil Revenue Law.

  • The payment, management, use and fiscalization of all revenue from Petroleum Operations are regulated by and in accordance with the Oil Revenue Law.

  • Confidentiality clauses included in all Authorizations are subject to article 20 of the Oil Revenue Law.

  • The principle of transparency implies the publicity of and public access to all information in accordance with the Oil Revenue Law.

  • The National Petroleum Agency shall send all information required by article 17 of the Oil Revenue Law to the Public Registration and Information Office.

  • All contracts subject to the principle of transparency shall be published by the Public Registration and Information Office as required by article 18 of the Oil Revenue Law.

  • In general, one would expect the definition of revenue to be as comprehensive as possible.6 A good example is Sao Tome and Principe’s Oil Revenue Law, which defines oil revenues for the purposes of the law in a very inclusive manner.7 In the case of a national oil company, there are a number of specialized issues for the determination of payments owed to the government by the company, which should be set forth in the instructions to the custodial bank.8 Deposits.

  • For instance, in Sao Tome and Principe, the National Assembly is required under the Oil Revenue Law to conduct yearly public plenary sessions to discuss general oil and gas policy.

  • As per the Sao Tome and Principe Oil Revenue Law, for instance, no Saotomean official could agree to or authorize any document encumbering the oil resources of the joint zone that are allocable to Sao Tome and Principe.

  • The Sao Tome and Principe Oil Revenue Law provides that all audit backup documents and reports shall be made public.

Related to Oil Revenue Law

  • State Income Tax means any Tax imposed by any State of the United States (or by any political subdivision of any such State) or the District of Columbia, or any city or municipality located therein, which is imposed on or measured by net income, including state and local franchise or similar Taxes measured by net income, and any interest, penalties, additions to tax, or additional amounts in respect of the foregoing.

  • Revenue means the price for iron ore from the mineral lease the subject of any shipment or sale and payable by the purchaser thereof to the Company or an associated company less all export duties and export taxes payable to the Commonwealth on the export of the iron ore and all costs and charges properly incurred and payable by the Company from the time the ore shall be placed on ship at the Company’s wharf to the time the same is delivered and accepted by the purchaser including —

  • Gross receipts tax means any gross receipts, sales, use, excise, value added or any similar tax.

  • Revenue Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

  • State minimum standards means minimum requirements

  • Tax Act means the Income Tax Act (Canada);