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COMMERCIAL LICENSE REQUIREMENTS

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Wholesale Gas Supply License Requirements May 2023

WHOLESALE PETROLEUM LIQUIDS SUPPLY LICENCE

REQUIREMENTS
This Wholesale Petroleum Liquids Supply License Requirements is made pursuant to the
provisions of Sections 111, 174, 175 and 197 of the Petroleum Industry Act, 2021 (hereinafter
referred to as the “Act”), which mandated the Nigerian Midstream and Downstream
Petroleum Regulatory Authority (hereinafter referred to as the “Authority”) to grant and
issue a qualified person a wholesale petroleum liquids supply license upon approval of an
application and payment of the prescribed fees. Detailed below are the requirements for the
eligibility of wholesale petroleum liquids supply license applicants:
6 ELIGIBLE APPLICANTS
i.
Lessees
ii.
Crude oil refining Companies
7 COMPANY INFORMATION OBLIGATION
i.
Copy of Certificate of Incorporation (not applicable to Lessee)
ii.
Memorandum and Articles of Association with clearly defined clauses in wholesale
supply (not applicable to Lessee)
iii.
Company Tax Clearance Certificate (For Three (3) Years) - (not applicable to Lessee)
iv.
Completed Application Form
v.
Proof of Technical Competence – Company Organogram and staff list
vi.
List and Particulars of Shareholders (not applicable to Lessee)
vii.
List and Particulars of Directors (not applicable to Lessee)
viii.
Authorized Representative
ix.
Other Supporting Documents (if any)
8 COMMERCIAL OBLIGATION
i.
Evidence of Payment for License and Processing Fees
ii.
Three (3) years financial projections, to include all recurrent and capital costs
iii.
Three (3) years Audited financial statement
iv.
Evidence of valid Economic Viability certificate issued by the Authority
v.
List of wholesale customers with a copy of their supply agreement and lessee/third-
party suppliers (where applicable)