Library / Page 1 of 7 MIDSTREAM AND DOWNSTREAM PETROLEUM THIRD-PARTY ACCESS AND OPEN ACCESS REGULATIONS, 2023
Page 1 of 7 MIDSTREAM AND DOWNSTREAM PETROLEUM THIRD-PARTY ACCESS AND OPEN ACCESS REGULATIONS, 2023
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Page 6 of 7 8. A person who — (a) fails to provide information required under these Regulations; or (b) makes a false declaration to the Authority, or wilfully furnishes any information so required which is in any respect false or insufficient; or (c) fails to comply with any provisions of these Regulations, shall, in addition to the sanctions, fines and penalties contained in the Act, be liable to an administrative penalty of NGN250,000.00 for each day of such default. Offences & Penalties 9. In case of non-compliance with these Regulations, the Authority may, in addition to administrative penalty, suspend, or revoke a license, or take any other necessary measures to ensure compliance and protect fair competition. Enforcement 10. (1) The Authority may issue guidelines, directives, and notices for effective implementation of these Regulations. (2) The Authority shall periodically review these Regulations to ensure effectiveness, relevance, and alignment with industry developments. Guidelines and Review of Regulations 11. In these Regulations — “Act” means the Petroleum Industry Act, No. 6, 2021; “Facilities” include pipelines, terminals, storage facilities, transportation equipment, and any other related infrastructure used in the midstream and downstream petroleum operations; “licensee” means a holder of licence, permit or authorisation issued by the Authority for midstream or downstream petroleum operations in Nigeria; "Open Access" means the non-discriminatory, fair, and transparent provision of access to facilities, infrastructure, or services by a licensee to Third Parties under the terms and conditions prescribed in these Regulations. “NGN” means Nigerian Naira. “Third Party” refers to any person or entity other than the licensee seeking access to the facilities, infrastructure, or services provided by the licensee. Interpretation
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