Processed Crude Oil definition

Processed Crude Oil means Crude Oil that has been processed or treated at an Individual System.
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Processed Crude Oil means crude oil which has been processed at the Hana Facilities for the removal of water, bottom sediments and salt in accordance with Pipeline Specifications as set out herein, and delivered to the COMPANY at the Receiving Point.
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Examples of Processed Crude Oil in a sentence

  • As between the Parties, Producer shall be solely responsible, and shall make all necessary arrangements at and downstream of the Delivery Points, for the receipt, further transportation, and marketing of Producer’s owned and Controlled Processed Crude Oil.

  • Midstream Co shall use its commercially reasonable efforts to maintain, and shall act as a reasonable and prudent operator in maintaining, all interconnect and operating agreements with Third Parties reasonably necessary to facilitate the redelivery of Producer Processed Crude Oil to Producer at the Delivery Points.

  • Subject to the provisions as set forth in this article, ▇▇▇▇▇ ▇▇▇▇ shall pay to the COMPANY the following tariff per Barrel of Net Processed Crude Oil delivered to COMPANY at the Receiving Point for all services rendered to ▇▇▇▇▇ ▇▇▇▇ under the terms of this Agreement: US $ 0.49 per Barrel.

  • Nominations and scheduling of Crude Oil and Processed Crude Oil available for, and interruptions and curtailment of, Services under this Agreement shall be performed in accordance with the applicable Operating Terms and Conditions set forth in Exhibit A.

  • From and after Producer’s delivery of its owned or Controlled Crude Oil to Midstream Co at the Receipt Point(s), and, until Midstream Co’s redelivery of Producer Processed Crude Oil resulting from such Dedicated Production to or for Producer’s account at the applicable Delivery Point(s), as between the Parties, Midstream Co shall have custody and control of, and be responsible for, such Crude Oil and Producer Processed Crude Oil.

  • In all other circumstances, as between the Parties, Producer shall be deemed to have custody and control of, and be responsible for, such Crude Oil and Processed Crude Oil.

  • Producer shall have the obligation to ensure that procedures are in place such that all rail cars and trucks receiving Producer Processed Crude Oil at a Delivery Point meet the Applicable Requirements and all Plant Rules.

  • In all other circumstances, as between the Parties, Producer shall be deemed to have custody and control of, and be responsible for, such Product and Processed Crude Oil.

  • If Producer’s Crude Oil delivered to the Receipt Points complies with such quality specifications, all Producer Processed Crude Oil redelivered at the Delivery Points by Midstream Co to Producer shall meet the quality specifications applicable at the relevant Delivery Points.

  • If, in the sole discretion of Midstream Co, (i) the polishing, processing or treating of Product at any Individual System, or (ii) the delivery of Processed Crude Oil to any Delivery Point, under this Agreement, is or becomes uneconomical due to its volume, quality, or for any other cause, then Midstream Co shall not be obligated to provide the applicable Services so long as such condition exists.