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PETROLEUM INDUSTRY ACT, NO. 6, 2021 
MIDSTREAM AND DOWNSTREAM PETROLEUM SEPARATION OF LICENSED ACTIVITIES AND 
SURRENDER OF LICENCE OR PERMIT REGULATIONS, 2023 
 
Arrangement of Regulations 
 
Regulation: 
1. Objectives 
2. Application 
3. Prohibition of Overlapping Activities 
4. Separate Accounting & Annual Audit 
5. Power to Order Unbundling of Activities 
6. Voluntary Surrender 
7. Mandatory Surrender 
8. Obligations and Consequences upon Surrender 
9. Publication of Surrender 
10. Offences & Penalties 
11. Guidelines 
12. Interpretation 
13. Citation.