Library / IHS LTD & INT TOWERS LTD VS NMDPRA JUDGEMENT
IHS LTD & INT TOWERS LTD VS NMDPRA JUDGEMENT
Page 30 of 44
customers, that will apply to the owners and operators of crude oil refineries, transportation pipelines and: other facilities or vessels for the bulk transportation of petroleum liquids, bulk storage facilities for petroleum liquids and terminals and outlets for retail trading of petroleum products; and (b) matters ancillary to or consequential on the activities set out in paragraph (a). . S.197 (1) Subject to sections 111 and 174 of this Act, the Authority may upon approval of an application and payment of prescribed fees, grant and issue a qualified person a wholesale petroleum iquids supply licence, (2) A company that is a lessee producing crude oil or condensates or both or is a holder of a crude oil refining licence is a qualified person for the purpose of subsection (1) and shall be entitled to apply for and be issued a wholesale petroleum liquids supply licence by the Authority. (3) A wholesale petroleum liquids supply licence authorises the supplier to sell and deliver petroleum liquids to bulk customers in Nigeria or for export, S, 205 (1) Subject to the provisions of this section, wholesale and retail prices of petroleum products shall be based on unrestricted free market pricing conditions, (2) Where the Authority determines that a particular licenced activity is a monopoly service or a service by an excessively dominant supplier, the Authority shall have the power to regulate the tariffs and prices charged by the respective JUDGEMENT IN ZS" (NIGERIA) LTD. & ANOR, v, THE NIG, MIDSTREAM & DOWNSTREAM PETROLEUM REGULATORY AUTH, SUIT NO: FHC/ABI/CS/1480/2023 :
ReportsPDF20242024-0230