Library / Midstream and Downstream Petroleum Operations Regulations 2025
Midstream and Downstream Petroleum Operations Regulations 2025

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acquisition, takeover, divestment of shares or property, or any of such
transaction that may alter the ownership, equity, rights or interest of the
assigning company in question, irrespective of the nature of business
arrangement that the assigning company may be involved in;
“assignment by operation of law” means the acquisition of a company or
asset or interest in a company or asset through the judgment of a competent
court of law, award from an arbitral panel, auction or appointment of a receiver,
receiver/manager or administrator under Nigerian law or any comparable
legislation in a foreign jurisdiction;
“Authority” means the Nigerian Midstream and Downstream Petroleum
Regulatory Authority;
“Authority Fund” has the meaning ascribed to it in the Act;
“backloading” means the act of loading back received petroleum liquids or
gas from a storage facility into a ship or other vessels;
“BBL” means barrels;
“blending operations” means activities that involves the mixing or blending
of different proportions of gas such as propane-butane, ethane-propane-butane
etc., or the mixing or blending of different proportions of petroleum liquids or
its derivatives such as base oil, additives, etc.;
“Board” means the Board of Directors of a company engaged in midstream
and downstream petroleum operations in Nigeria;
“bulk storage” means the storage of petroleum liquids or gas for distribution
or wholesale supply;
“calibration” means the process or procedure of determining the exact
volume, capacity or partial capacity of a standard capacity measure;
“cease and desist order” means a written notice directed to a person
demanding the immediate cessation of a prohibited act or activity which is
being, has been or is likely to be undertaken by the person;
“Chief Executive Officer” means the person appointed by a licensee or permit
holder with responsibility for making major decisions, overseeing operations
and setting strategic directions while representing the licensee or permit holder
to the Authority, stakeholders, investors, governments and the public;
“CNG” means Compressed Natural Gas;
“CNG Compression Facilities” means facilities used for compression of
natural gas to less than the volume it occupies at standard atmospheric pressure;
“company” means a holder of licence, permit or authorisation to undertake
petroleum operations in the Nigerian midstream and downstream petroleum
industry;
“competent person” means a qualified person appointed in writing, by the
manager of a  licensee or permit holder, with the approval of the Authority, to
oversee and ensure compliance with the provisions of these Regulations;
“critical component” means component of the measurement or metering
system that has direct impact on the functionality or output of the measurement
system;