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Midstream and Downstream Petroleum Alternative Dispute Resolution Regulations 2023

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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