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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 
[ 
] Commencement 
In the exercise of the powers conferred on it by sections 33, 119 and 212 of the 
Petroleum Industry Act, No. 6, 2021 (“Act”) and all other powers 
enabling it in that behalf, the Nigerian Midstream and Downstream 
Petroleum Regulatory Authority (“Authority”), makes these Regulations — 
1. The objectives of these Regulations are to — 
(a) set forth the procedure for the separation of licensed activities in 
the Nigerian midstream and downstream petroleum industry; and 
 
(b) outline the process for the surrender of licence and permit in the 
Nigerian midstream and downstream petroleum industry. 
Objectives 
2. These Regulations shall apply to licence and permit holders 
undertaking midstream and downstream operations in Nigeria. 
Application 
3. (1) No entity shall hold licences for both midstream and downstream 
petroleum operations at the same time. 
 
(2) Each licensee and permit holder shall carry out only the specific 
activities for which its licence or permit was issued. 
 
(3) Any licensee or permit holder who wishes to engage in additional 
midstream or downstream petroleum activities shall obtain a 
separate licence or permit for that specific activity. 
 
(4) The Authority may, from time to time, publish on its website, a list 
of activities considered as overlapping. 
Prohibition of 
Overlapping 
Activities 
4. From the commencement of these Regulations, each licensee shall:  
(a) keep separate accounts for each licensed activity it conducts; 
(b) submit an annual audit of separated activities to the Authority for 
review. 
Separate 
Accounting & 
Annual Audit 
5. (1) Where a licensee or permit holder holds multiple licences or 
permits for overlapping midstream and downstream petroleum 
activities, the Authority shall order the licensee or permit holder to 
unbundle its operations within a period of 6 months. 
 
(2) The Authority may grant an extension of time for the unbundling 
upon the licensee or permit holder showing a justifiable reason. 
Power to Order 
Unbundling of 
Activities