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 124 10. In these Regulations — “Act” means the Petroleum Industry Act No. 6 2021. ; “ADR” means Alternative Dispute Resolution ; “ADR methods” means the ADR methods or type of ADR adopted by the Centre and disputants for the resolution of disputes ; “arbitration” means the procedure in which a dispute is submitted, by agreement of the parties, to one or more arbitrators who make a final binding decision on the dispute ; “Authority” means the Nigerian Midstream and Downstream Petroleum Regulatory Authority ; “Centre” means the Midstream and Downstream Petroleum Alternative Dispute Resolution Centre established in these Regulations ; “conciliation” means active or passive moderation of the discussions of the parties to a given dispute by a third party, to assist with legal and technical aspects of the matter in question and invite the parties to reach an arrangement that is satisfactory in terms of their interests ; “disputant” means a person who is involved in a dispute relating to midstream and downstream petroleum industry ; “dispute” means any dispute or difference arising between the licensees, permit holders and other persons under or in connection with the midstream and downstream petroleum industry ; “expert” means a person who is knowledgeable in the technical, commercial or legal aspects of midstream and downstream petroleum operations and is appointed by the Centre or disputants to resolve a dispute between them ; “expert determination” means determination of a dispute between parties by an expert in midstream and downstream petroleum operations ; “Federal High Court” has the meaning ascribed to it in the Act ; “mediation” means a process where parties request a third party (the mediator) to assist them in their attempt to reach an amicable settlement of their dispute arising out of or relating to a contractual or other legal relationship ; and “negotiation” means the use of negotiators to settle a dispute. 11. These Regulations may be cited as the Midstream and Downstream Petroleum Alternative Dispute Resolution Regulations, 2023. Interpretation Citation
RegulationsPDF20232023-038