Examples of Subsoil Use Law in a sentence
According to Subsoil Use Law of Kazakhstan, the CB Sub "Dostyk" will be appointed as the operator of the Project (the “Operator”).
Except for (a) any Consent of the Competition Agency as may be required under the Competition Act, and (b) any Consent under the Subsoil Use Law, no material Consent, notification or filing of, with or to any Governmental Authority or other Person is required to be obtained or made by the Company in connection with the execution and delivery of this Agreement or any Transaction Document or in connection with the consummation of the transactions contemplated hereby and thereby.
Each of Purchaser and Seller shall supply as promptly as practicable to the appropriate Governmental Authorities any additional information and documentary material that may be requested pursuant to the Competition Act or the Subsoil Use Law.
The most significant positive impact to the Company’s income from sales is increasing crude oil production from the growing number of shallow discoveries (eight at the date of this memorandum) whereby daily production has nearly doubled over the past financial year.- Future production from newly discovered fields can be volatile, as under the current Subsoil Use Law, the Company may only produce each zone in a well for up to 90 days in order to gather information necessary to move onto TPP.
This legislation also strengthened certain requirements relating to the inclusion of local Kazakh employees and goods, including changes in terms of hiring Kazakhstan personnel, and rules for the purchase of goods, works and services used in subsoil use operations.In particular, a provision has been added to the Subsoil Use Law giving the Government of Kazakhstan a priority right to buy crude oil from producers at prices no higher than world market prices.
The parties shall have received (i) the Consent of the Ministry of Oil and Gas on behalf of the Republic of Kazakhstan (the “Competent Authority”) to the transfer of the Interests by Seller to Purchaser under this Agreement; and (ii) the waiver of the State’s priority right to purchase the Interests in accordance with Articles 12 and 36 of the Subsoil Use Law.
The employee shall and is required to provide a written release to allow the Human Resources Department to obtain the records directly related to the employee’s long-term disability.
The Company’s interest in each Petroleum Contract is free and clear of any Liens, other than those arising in favor of the Competent Body or the State pursuant to such Petroleum Contract and the Subsoil Use Law.
As a matter of practice, there is a growing amount of pressure to increase local content.Article 41 of the Subsoil Use Law now requires subsoil users to identify in their tender proposal their commitment to hire local personnel, as well as to specify the percentage of local content in their works, goods and services (subject to compliance with local and/or international standards).