Library / B 117 Federal Republic of Nigeria Official Gazette No. 50
B 117 Federal Republic of Nigeria Official Gazette No. 50
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B 121 S. I. No. 10 of 2023 Commence- ment PETROLEUM INDUSTRY ACT, NO. 6, 2021 MIDSTREAM AND DOWNSTREAM PETROLEUM ALTERNATIVE DISPUTE RESOLUTION REGULATIONS, 2023 [14th Day of March, 2023] In exercise of the powers conferred on it by sections 33(t), 120(j), 163 and 179(2) 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) establish the Midstream and Downstream Petroleum Alternative Dispute Resolution Centre ; and (b) provide procedures for timely and cost efficient dispute resolution in the Nigerian midstream and downstream petroleum industry. 2. These Regulations shall apply to activities connected with dispute resolution in midstream and downstream petroleum operations. 3.—(1) There is established the Midstream and Downstream Petroleum Alternative Dispute Resolution Centre (“Centre”). (2) The Centre shall apply Alternative Dispute Resolution (ADR) mechanisms to resolve disputes in the midstream and downstream petroleum industry in a cost efficient and less time-consuming manner. 4. The Centre shall — (a) provide administrative supervision of ADR at the Centre in accordance with the rules adopted by the Centre or those agreed upon by the parties to disputes ; (b) resolve disputes through ADR methods in accordance with the relevant rules adopted by the Centre ; (c) coordinate, cooperate, and conclude agreements and memoranda of understanding with specialised regional and international arbitration institutions and centres which includes exchanging — (i) expertise, (ii) lists of arbitrators, mediators, conciliators or experts, and (iii) other resources; (d) conclude agreements and memoranda of understanding with competent courts within and outside Nigeria on matters related to the — Objectives Application Establishment of Midstream and Downstream Alternative Dispute Resolution Centre Powers of the Centre
RegulationsPDF20232023-035