AKBN definition

AKBN means the agency established by the Government of Albania responsible for implementation of the Hydrocarbon Law, as defined in Decision No.547 dated 09.08.2006 by the Council of Ministers.
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AKBN means Albania’s National Agency of Natural Resources.
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AKBN means the Albanian National Agency for Natural Resources.
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Examples of AKBN in a sentence

  • AKBN will immediately consider the estimation of the LICENSEE and will not unreasonably delay or withhold its approval.

  • In the event of delay in the payment of the indemnity to be paid to AKBN in application of this Article 6.1, the amount owing in this respect will bear interest calculated from the final date on which the indemnities should have been paid, and up to the time on which the payment is done by Contractor, at the annual discount rate of the London Inter Bank Offered Rate (LIBOR) plus one percent.

  • A copy of each revised Annual Program and Budget shall be given by Contractor to Albpetrol and AKBN.

  • If Contractor so terminates this Agreement, all ▇▇▇▇▇, operations and assets (moveable and immoveable) will be returned to AKBN or its nominee and Contractor shall be released from all liabilities associated with this Agreement.

  • This includes, without limitation, the transfer and delivery to Contractor by AKBN, Albpetrol and any of their Affiliates of the following assets, rights, documents and materials located in the Contract Area or at , and used or useful in connection with activities in the Project Area.

  • This Agreement (together with any documents referred to in it) constitutes the whole agreement between the Parties and supersedes any previous agreements, understandings, arrangements, representation, undertakings and warranties between the Parties relating to the subject matter of this Agreement, including without limitation the terms of the bid for the Contract Area submitted to AKBN.

  • Albpetrol may require Contractor to provide such further information as is readily available and as AKBN may reasonably need to evaluate the Development Plan for any Development and Production Area.

  • If, after ninety (90) days of receipt of the LICENSEE's estimate, AKBN has failed to forward comments to the LICENSEE in writing, the estimated Abandonment Costs proposed by the LICENSEE will be deemed to have been approved by AKBN.

  • However, nothing contained in this Agreement will oblige Contractor to Abandon the unused equipment or facilities in the Petroleum Operations, and Albpetrol, AKBN and the Ministry will protect, indemnify and hold Contractor harmless against costs and claims based on such obligations.

  • The Ministry, Albpetrol, AKBN and the contractor shall ensure that those petroleum operations will not interfere and unreasonably prevent the normal development of Petroleum Operations of the Contractor in the Contract Area, nor shall Contractor unreasonably prevent or interfere with the petroleum operations of such other contractor.

Related to AKBN

  • BaSAG means the Austrian Recovery and Resolution Act (Sanierungs- und Abwicklungsgesetz), as amended or replaced from time to time and any references in these Conditions to relevant provisions of the BaSAG include references to any applicable provisions of law amending or replacing such provisions from time to time.

  • CSAM or "Credit Suisse" (or any combination thereof).

  • ESFA means the Education and Skills Funding Agency.

  • Panchayat means an institution (by whatever name called) of self-government constituted under article 243B, for the rural areas;

  • SAMR means the State Administration for Market Regulation of the PRC or, with respect to the issuance of any business license or filing or registration to be effected by or with the State Administration for Market Regulation, any Governmental Authority which is similarly competent to issue such business license or accept such filing or registration under the Laws of the PRC.