PETROCI definition

PETROCI means the Société Nationale d’Opérations Pétrolières de Côte d’Ivoire;
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PETROCI means Societe Nationale d’Operations Petroliores de la Cote d’Ivoire; and
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PETROCI means "Societe Nationale d’Operations Petrolieres de Cote d’Ivoire", a societe d’etat organized and existing under the laws of the Borrower.
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Examples of PETROCI in a sentence

  • PETROCI shall be individually liable with respect to the Government for its obligations pursuant to this Agreement.

  • For this purpose, a coordination committee (“Coordination Committee”) composed of the Government, PETROCI and the Operator will be set up.

  • The quantity of Crude Oil and Natural Gas that the Contractor shall be required to sell to PETROCI shall be notified to it by PETROCI at least three (3) months before the start of each Calendar Quarter.

  • Similarly, the Contractor will sell to PETROCI a total of up to ten percent (10%) of the Contractor's share of Natural Gas production under Articles 21.1.5, 21.2.4 and 21.3.1 to meet the needs of Republic of Côte d'Ivoire’s internal market.

  • If one of these objectives is not met, the Government may require the Contractor, excluding PETROCI, to establish a training program in order to achieve the targets stipulated above.

  • In this case, the tax will be paid by the entity concerned in instalments: - simultaneously to the payments to be made by PETROCI under article 16.6 below; or - within forty-five (45) days running from the date the Government removed its part in the Remaining Production, in the event that the Government, in accordance with article 16.5, chooses to receive all of its share in kind.

  • The discount of twenty-five percent (25%) conceded to PETROCI on sales of Crude Oil and Natural Gas to meet national needs in accordance with article 27.2 of the Contract.

  • Done in Abidjan, this 21 December 2017 (“Effective Date”) 62 FOR THE REPUBLIC OF COTE D’IVOIRE The Secretary of State with the Prime Minister, responsible for State Budget and Portfolio The Minister of Economy and Finance The Minister of Petroleum, Energy and the Development of Renewable Energy /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇ /s/ ▇▇▇▇▇ ▇▇▇▇ /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇ FOR THE CONTRACTOR PETROCI HOLDING KOSMOS BP /s/ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ /s/ ▇▇▇▇▇ ▇.

  • The price of the Natural Gas sold to PETROCI under article 27.1 to meet the demand of the domestic market shall be equal to seventy-five percent (75%) of the Market Price defined in article 21.3.7. The twenty-five percent (25%) allowance on the price of the Crude Oil and that of the Natural Gas sold to PETROCI to meet domestic demand shall be deemed to be Petroleum Costs and recoverable in accordance with article 16.2, 21.1.5 and 21.2.4.

  • For the purpose of converting the Dollars into CFA francs, PETROCI will use the exchange rate specified according to the procedure provided in article 24.2.