Library / MIDSTREAM AND DOWNSTREAM PETROLEUM DATA DEPOSITORY REGULATIONS, 2023
MIDSTREAM AND DOWNSTREAM PETROLEUM DATA DEPOSITORY REGULATIONS, 2023
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(e) serve as a digital platform to improve interaction between the Government and the Industry and provide digital data and technical support for midstream and downstream activities; (f) provide a digital platform for the reporting and monitoring of all data transactions including but not limited to data acquisition, marketing evaluation and re-processing by companies licensed by the Authority; (g) provide adequate monitoring and regulatory tools for the Authority; (h) provide geographic information management system and satellite information processing capabilities for the development and monitoring of midstream and downstream petroleum facilities and operations; (i) support the use of predictive analytics and artificial intelligence and promote experimental research and development projects in the industry to optimize midstream and downstream petroleum activities; and (j) perform such other functions and responsibilities which may promote the development of midstream and downstream petroleum operations in Nigeria. 5. The organisational structure of the Repository shall be as set out in the First Schedule to these Regulations. Organisational structure of the Repository 6. (1) The sources of revenue of the Repository shall include— (a) transaction and service fees; (b) fees or levies imposed by the Authority on the midstream and downstream petroleum industry in the support of the Repository; (c) gifts in kind or cash received by the Repository from the petroleum industry in the support of the Repository; (d)funds and grants accruing from multilateral agencies, bilateral institutions and related sources dedicated partly or wholly for the development of data repositories; and (e) any other sum freely donated or accruing to the Repository for the development of the Repository. (2) Fees, charges and revenues accruable to the Repository under this regulation shall be used for the operation, maintenance and development of the Repository. Revenue of the Repository
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