Petroleum Taxation Law definition

Petroleum Taxation Law means the Petroleum Taxation Law, Law no. 15/2009, as amended, supplemented or replaced from time to time;
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Petroleum Taxation Law means the Petroleum Taxation Law, Law no. 15/2009 of 31 December, 2009, as amended, supplemented or replaced from time to time; "Proceeds" means the amount in United States dollars determined by multiplying the Realizable Price by the number of Barrels of Available Crude Oil lifted by a Party; "Production" means the activities involved in the extraction of Petroleum including, without limitation, the running, servicing, maintenance and repair of completed xxxxx, as well as of the equipment, pipelines, systems, facilities and plants completed during Development including all activities related to the planning, scheduling, controlling, measuring, testing, gathering, treating, storing and dispatching of Petroleum from the underlying Reservoir to the designated exporting or lifting locations and furthermore, the Decommissioning of xxxxx, facilities, pipelines and Reservoirs and related activities; "Production Period" has the meaning ascribed to it in Clause 4.6; 7 "Profit Oil" means the balance of Available Crude Oil after the allocation of Royalty Oil and Cost Oil; "Quarter" means a period of three (3) consecutive Months starting with the first day of January, April, July or October of each Year; "Realizable Price" means the price in United States dollars per Barrel determined in accordance with Clause 11; "Relinquished Area" means that portion of the Contract Area that is relinquished pursuant to and in accordance with Clauses 5.1(d) and/or 6; "Reservoir” means a porous and permeable underground formation containing an individual and separate natural accumulation of producible Petroleum that is confined by impermeable rock and/or water barriers and is characterized by a single natural pressure system; "Retained Area" means that portion of the Contract Area that is retained after a relinquishment under Clauses 5.1(d) and/or 6; "Royalty" or "Royalty Oil" means the quantum of Available Crude Oil allocated to the State, based on a percentage calculated as a function of daily production rates as set forth in Clause 10.1(a); "State" means the Democratic Republic of Sao Tome and Principe; "State Entity" means any entity or body which integrates the public administration’s structure of the State or, in any other way, an entity in which the State has a full equity or full interest ownership designated by the State under Clause 8 of this Contract; "Tax" means the tax payable pursuant to the Petroleum Taxation Law; "Unassociated Natural Gas" or “Unassociated Gas” means...
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Examples of Petroleum Taxation Law in a sentence

  • Such Tax shall be payable by the Contractor in accordance with the Petroleum Taxation Law, except as otherwise provided in this Contract.

  • The Contractor shall be subject to Tax on income derived from Petroleum Operations in accordance with the Petroleum Taxation Law.

  • Such amounts shall be computed in the manner set forth in the Petroleum Law, the Petroleum Taxation Law and the provisions hereof as stated in Article 4 of this Schedule 2.

  • Unless otherwise defined herein, capitalized terms used herein shall have the meanings assigned to such terms in the Contract or as defined in the Petroleum Law or the Petroleum Taxation Law.

  • Such amounts shall be computed in the manner set forth in the Petroleum Law, the Petroleum Taxation Law and the provisions hereof as stated in Article ‎4 of this Schedule 2.

Related to Petroleum Taxation Law

  • Taxation law means the law on taxation in any jurisdiction which applies to the Account or to interest we pay you, for example the Taxes Consolidation Act 1997 as amended and any regulation made under it;

  • Petroleum Act means the Petroleum and Geothermal Energy Resources Act 1967 (WA).

  • Corporation Law means the General Corporation Law of the State of Delaware, as from time to time amended;

  • Petroleum Operations means, as the context may require, Exploration Operations, Development Operations or Production Operations or any combination of two or more of such operations, including construction, operation and maintenance of all necessary facilities, plugging and abandonment of Xxxxx, safety, environmental protection, transportation, storage, sale or disposition of Petroleum to the Delivery Point, Site Restoration and any or all other incidental operations or activities as may be necessary.

  • EU Data Protection Law means (i) prior to 25 May 2018, Directive 95/46/EC of the European Parliament and of the Council on the protection of individuals with regard to the processing of Personal Data and on the free movement of such data ("Directive") and on and after 25 May 2018, Regulation 2016/679 of the European Parliament and of the Council on the protection of natural persons with regard to the processing of Personal Data and on the free movement of such data (General Data Protection Regulation) ("GDPR"); and (ii) Directive 2002/58/EC concerning the processing of Personal Data and the protection of privacy in the electronic communications sector and applicable national implementations of it (as may be amended, superseded or replaced).

  • Data Protection Law means the applicable legislation protecting the fundamental rights and freedoms of persons and their right to privacy with regard to the processing of Personal Data under the Agreement (and includes, as far as it concerns the relationship between the parties regarding the processing of Personal Data by SAP on behalf of Customer, the GDPR as a minimum standard, irrespective of whether the Personal Data is subject to GDPR or not).

  • Petroleum and Natural Gas Rights means the entire interest of the Vendor as specified in Schedule "A" in and to the Lands and, insofar as they pertain to the Lands, the Leases.

  • Canon Law means the Canon Law of the Catholic Church from time to time in force and if any question arises as to the interpretation of Canon Law, this shall be determined exclusively by the Diocesan Bishop;

  • Building Code Act means the Building Code Act, 1992, S.O. 1992, c.23, as amended;

  • Agricultural production means the commercial production of food or fiber.

  • Petroleum refinery means each facility engaged in producing gasoline, kerosene, distillate fuel oils, residual fuel oils, lubricants, or other products through distillation of petroleum or through redistillation, cracking, extracting, or reforming of unfinished petroleum derivatives.

  • POPI Act means the Protection of Personal Information Act 4 of 2013 as may be amended from time to time;

  • the 1988 Act means the Local Government Finance Act 1988.

  • Taxation means all forms of taxation, duties, rates, levies, contributions, withholdings, deductions, liabilities to account, charges and imposts whether imposed in the United Kingdom or elsewhere in the world;

  • Union harmonisation legislation means any Union legislation harmonising the conditions for the marketing of products;

  • Tax Legislation means any statute, statutory instrument, enactment, law, by-law, directive, decree, ordinance, regulation or legislative provision or generally applicable ruling (such as a revenue ruling issued by the U.S. Internal Revenue Service) enacted, issued or adopted providing for, imposing or relating to Tax; and

  • Tax Code means the Internal Revenue Code of 1986, as amended.

  • Satisfied all applicable land division laws means the parcel or lot was created:

  • Corporations Regulations means the Corporations Regulations 2001 (Cth).

  • Electricity Act means the Electricity Act, 1998, S.O. 1998, c. 15, Schedule A;

  • Rail Safety Act means the Rail Safety Act 1998 (WA);

  • common law SPOUSE means two people who have cohabitated as spousal partners for a period of not less than one (1) year.

  • the 1981 Act which means the Compulsory Purchase (Vesting Declarations) Act 1981.

  • Petroleum UST system means an underground storage tank system that contains petroleum or a mixture of petroleum with de minimis quantities of other regulated substances. Such systems include those containing motor fuels, jet fuels, distillate fuel oils, residual fuel oils, lubricants, petroleum solvents, and used oils.

  • Mining Act means the Mining Xxx 0000;

  • Occupational Health and Safety Act means the Occupational Health and Safety Act, 1993 (Act No 85 of 1993);