Library / Midstream and Downstream Petroleum Operations Regulations 2025

Midstream and Downstream Petroleum Operations Regulations 2025

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B  2184
158.
Modification of a depot/bulk storage facility without
authorisation.
159.
Failure to calibrate storage tank.
160.
Backloading in a depot/ bulk storage facility without
authorisation.
161.
Blending in a depot/ bulk storage facility without
authorisation.
162.
Undertaking gas trading on a commodity exchange without a
licence
163.
Undertaking petroleum liquids trading on a commodity
exchange without a licence
164.
Undertaking clearing house operations for a gas or petroleum
liquids exchange without a clearing house authorisation
NGN50,000,000.
NGN500,000 per tank.
USD50,000
NGN50,000,000
USD200,000
USD200,000
USD200,000
B.
A penalty denominated in USD may be paid in the NGN equivalent at the prevailing
Central Bank of Nigeria exchange rate.
MADE at Abuja this 7th day of July, 2025.
ENGR. FAROUK AHMED
Authority Chief Executive
Nigerian Midstream and Downstream Petroleum Regulatory Authority