Crude Petroleum definition

Crude Petroleum means the direct product of oil wells or a mixture of the indirect products transportable like the direct products and containing not more than two percent (2%) of sediment, water, and other impurities.

Crude Petroleum means the direct liquid product of oil wells, oil processing plants, the indirect liquid petroleum products of oil or gas wells, oil sands, or a mixture of such products.

Crude Petroleum means the direct liquid product of oil wells, oil processing plants, the indirect liquid petroleum products of oil or gas wells, oil sands, or a mixture of such products, but does not include Natural Gas Liquids or Refined Petroleum Products.

Examples of Crude Petroleum in a sentence

• The gravity value necessary to determine the correct Group Classification to be used, shall be determined in accordance with ASTM D287 (or most recent version), API Gravity of Crude Petroleum and Petroleum Products.

• He shall also have the right to proceed with the separation of liquids of all Natural Gas produced, and to transport, store, as well as to sell on the local or export market his share of the liquid Hydrocarbons thus separated, which Hydrocarbons shall be considered as Crude Petroleum for purposes of their sharing between the Parties according to Article 10 here above.

• If tank gauges are used, the volume of Crude Petroleum shall be computed from tank tables on a 100 percent volume basis.

• A Market Price shall be established for each type of Crude Petroleum or blend of Crude Petroleums.

• If required by the Carrier, the Shipper shall pay such charges and costs before delivery, or before acceptance of a transfer, of the Shipper’s Crude Petroleum by the Carrier.

More Definitions of Crude Petroleum

Crude Petroleum as herein used means the direct liquid products of oil wells, or a mixture of the direct liquid products of oil wells with the indirect liquid products of oil and gas wells including gasoline and liquefied petroleum gases.

Crude Petroleum means the grade or grades of the direct liquid product of oil or gas wells which Carrier has undertaken to gather or transport.

Crude Petroleum means the direct liquid product of oil wells, indirect petroleum products resulting either from refining crude petroleum or from the operation of gasoline recovery plants, gas recycling plants or distillate recovery equipment in gas and distillate fields, or a mixture of the direct product and indirect petroleum products.

Crude Petroleum as herein used means direct liquid products of oil wells, Condensate or a mixture thereof. “ ° ” as herein used means degrees Fahrenheit.

Crude Petroleum. , as used herein, means either the direct liquid products of oil wells, or a mixture of the direct liquid products of oil wells with the indirect liquid products of oil or gas wells.

Crude Petroleum as used herein, means the direct product of oil wells, indirect petroleum products resulting either from distillate recovery equipment in gas and distillate fields, or a mixture of the direct product and indirect petroleum products.

Crude Petroleum as used herein, means either Direct Products, or a mixture of Direct Products with Indirect Liquid Products, including natural gasoline and liquefied petroleum gases, as provided in Rule 5 of this section.