SONATRACH definition

SONATRACH means Sociėtė Nationale Pour La Recherche, La Production, Le Transport, La Transformation et La Commercialisation de Hydrocarbures of Algeria.
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SONATRACH. Entreprise Nationale Algérienne, société de droit algérien sise à ▇▇▇▇▇, ▇▇ ▇▇▇ ▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇.
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SONATRACH means Sonatrach, or any substitute company which legally succeeds Sonatrach as the holder of each Exploration Licence, each Provisional Exploitation Authorization and each Exploitation Licence awarded. It is understood that, for the purpose of this Agreement, SONATRACH does not act as a Competent Authority, but as a Party.
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Examples of SONATRACH in a sentence

  • ANADARKO fails to import and have the Seismic Processing Center operational pursuant to Paragraph 12 above, whichever event first occurs, then ANADARKO shall advance the sums necessary for SONATRACH to execute, for ANADARKO'S account, the obligations stated in Paragraph 3 above which ANADARKO is unable to perform as part of the initial Exploration Work Program approved by the Operating Committee.

  • ARTICLE 5 SONATRACH agrees to pay Royalties for the totality of the production as well as the tax on remuneration.

  • With at least seven (7) months' Notice prior to expiration of the then current Exploration Period and in the manner required by Law, ANADARKO shall furnish to SONATRACH who will submit the same to the Competent Authority all documents necessary for each request of renewal of an Exploration Licence.

  • ANADARKO shall have the option to have its rights under this Agreement reinstated in that discovery by paying cash, in the currency of SONATRACH'S choice, five (5) times the total costs and expenses of works incurred by SONATRACH at its sole cost, risk and expense.

  • It is understood that SONATRACH shall finish, as soon as possible, the construction of a pipeline for the transportation of Liquid Hydrocarbons to Haoud-El-Hamra, and shall ensure the transportation of such Liquid Hydrocarbons to the Port of Loading.

  • The transfer of ownership, however, will be without prejudice to ANADARKO'S rights to be reimbursed by SONATRACH for fifty-one percent (51%) of costs relative to the Seismic Processing Center, which costs shall also include Customs Duties (if any) paid by ANADARKO for the importation of the Seismic Processing Center.

  • SONATRACH will give Notice to ANADARKO of all refusals or injunctions by the Competent Authority resulting from a request to postpone the deadlines or to extend the duration of an Exploration Period as mentioned above.

  • SONATRACH shall be liable to ANADARKO for due execution of all ship loading operations for which it is responsible under the Agreement and this Annex.

  • During the first three (3) years of operation, SONATRACH may utilize the Seismic Processing Center to process its own data, for a minimum of 15% of the monthly operating time, or more when computer time becomes available.

  • ARTICLE 6 The conditions and methods of payment by SONATRACH of the tax referred to in Article 5 above shall be detailed in the amendment referred to in Article 7 below.