Oil Contract definition

Oil Contract means any Contract Terms where the Underlying is oil, as determined by the Exchange from time to time;

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Oil Contract means a contract containing the terms set out in Sections J, J1, L, L1, N, Q, AA, CC, GG and RR of the Contract Rules and/or any other contract determined to be an Oil Contract by the Directors from time to time;

Oil Contract means an agreement purchased or to be purchased by the Issuer from an Oil Major Company under an Energy Purchase Agreement entitling the Issuer on redemption or resale back of the Oil Contract to the Oil Major Company to payment of an amount calculated by reference to the relevant Price of the relevant class of Oil Security on the relevant Pricing Day and to which obligations in respect of the redemption of Oil Securities correspond, and “Brent 1mth Oil Contract”, “Brent 1yr Oil Contract”, “Brent 2yr Oil Contract”, “Brent 3yr Oil Contract”, “WTI 2mth Oil Contract”, “WTI 1yr Oil Contract”, “WTI 2yr Oil Contract” and “WTI 3yr Oil Contract” shall be construed accordingly;

Examples of Oil Contract in a sentence

Ecuador Consultant 1 and Ecuador Consultant 2 agreed that Vitol would pay Ecuador Consultant 1 and Ecuador Consultant 2 a per-barrel commission for fuel oil provided to Vitol in connection with the Fuel Oil Contract, and that Ecuador Consultant 1 and Ecuador Consultant 2 would use a portion of those funds to pay bribes to Ecuadorian officials on Vitol’s behalf.
Emir is the Contractor under the Oil Contract and has full right to execution of subsurface use operations under the Oil Contract and the Legislation.
This act and any contract entered into pursuant to this act shall not supersede or amend the Long Beach Harbor Tidelands Parcel and Parcel “A” Oil Contract except to extend its term as provided in Section 3 4.
At Closing, Buyer or an Affiliate of Buyer and GCO shall execute and deliver a Crude Oil Contract for the purchase and sale of the GCO Inventory in the form set forth at Exhibit "S".
Validity of this clause does not apply to contradictions between the License and the Oil Contract.
The contract entered into pursuant to Section 2 shall provide for the preservation of the current method for sharing among the contractor, the State of California, and the City of Long Beach of revenues from the sale of production under the Long Beach Harbor Tidelands Parcel and Parcel “A” Oil Contract with regard to all current oil reserves.
The Shipped Quantity per Delivery Month shall be priced as follows:The average of the closing settlement prices on the New York Mercantile Exchange for the first nearby Light Sweet Crude Oil Contract for each Trading Day during the Delivery Month.
Under the Crude Oil Contract PetroEcuador will supply, and PetroChina Intl.
Effective March 1, 1989, the City entered into the Long Beach Harbor Tidelands Parcel and Parcel "A" Oil Contract ("Contract") with several entities that comprised the Contractor.
The Oil Contract has been concluded with observance of all requirements of the Laws on Subsurface Use.

More Definitions of Oil Contract

Oil Contract means any Contract Terms and Contract Procedures where the

Oil Contract means Contract No.482 on Raw Hydrocarbons Exploration at Aksaz-Dolinnaya-Emyr site in Tybkargansky region of the Mangystau Oblast signed between Zhanaozensky Repair and Engineering Plant LLP and the Government of the Republic of Kazakhstan, including Annex No.1 dated September 23, 2002 to the mentioned Contract (hereafter - "Annex No.1").

Oil Contract. ’ means an agreement purchased or to be purchased by the Issuer from an Oil Major Company under an Oil Purchase Agreement entitling the Issuer on redemption thereof or resale back to the Oil Major Company to payment of an amount calculated by reference to the relevant Price on the relevant Pricing Day, and ‘‘Brent Oil Contract’’ and ‘‘WTI Oil Contract’’ are to be construed accordingly

Oil Contract means a contract containing the terms set out in Sections J or

Oil Contract means a contract containing the terms set out in Sections J, or L or Q of the Contract Rules and/or any other contract determined to be an Oil Contract by the Directors from time to time;

Oil Contract means any contract, agreement or other obligation of the Company to buy, sell, transport, gather or otherwise handle oil or liquid condensate or to construct, maintain or operate any pipelines or facilities in connection therewith.