Library / Midstream and Downstream Petroleum Fees Regulations 2024
Midstream and Downstream Petroleum Fees Regulations 2024

Page 9 of 34
B 863
Citation
“sold in Nigeria” means a petroleum product or natural gas —
(a)  sold free on board in Nigeria;
(b)  loaded or offloaded for sale within a wholesale point in Nigeria; or
(c)  transaction which emanates, occurs, or is concluded in Nigeria;
“supplier” has the meaning ascribed to it in the Act, and shall include a
lessee, producer, gas aggregator, crude oil refiner or importer of petroleum
products;
“USD” means United States Dollars;
“wholesale customer” means a class of customers with respect to —
(a)  natural gas, the right to contract for and purchase a supply of
wholesale gas, with capability to connect individually and economically
to a transportation pipeline or transportation network and shall include
gas distributors; or
(b) crude oil, a purchaser with annual capacity of 65,000 BBL and
above; or
(c)  petroleum products, a purchaser with annual capacity of 10,000,000
(Ten Million) litres or its equivalent and above; and
“wholesale points” means the points, such as coastal depots,
hinterland depots, jetties, refineries, petrochemicals and processing plants,
including liquefied natural gas processing plants, petroleum liquids and
natural gas export terminals, export points, free on-board products
measurement points and other points of aggregation that may be
determined by the Authority, where petroleum liquids or natural gas or
its derivatives exist or are sold in bulk.
9. These Regulations may be cited as the Midstream and Downstream
Petroleum Fees Regulations, 2024.