Library / Page | 1 MIDSTREAM AND DOWNSTREAM PETROLEUM OPERATIONS REGULATIONS, 2024
Page | 1 MIDSTREAM AND DOWNSTREAM PETROLEUM OPERATIONS REGULATIONS, 2024
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Page | 100 140 Loading petroleum liquids or natural gas and its derivatives into a ballast tank or any other tank, container or receptacle of a ship or tanker other than as designated, dedicated and designed for the storage and transportation A penalty equal to the monetary value of the petroleum liquids or natural gas or its derivatives and the forfeiture of the petroleum liquids or natural gas and its derivatives to the Authority 141 Failure to provide information relating to Advance Lifting Schedule to the Authority in the manner prescribed the vessel shall be denied access to load 142 Lifts natural gas or its derivatives, crude oil or its derivatives, condensate, petroleum liquids, petroleum products, or any other form of petroleum liquids without a Lifting Identification Number USD$100,000.00 143 false declaration regarding the quantity, quality and capacity of a vessel in which petroleum liquids or natural gas or its derivatives 10% of the undeclared quantity of the cargo to the Authority 144 alters any document or conceals information USD$1,000,000.00 145 engages in unauthorised loading, unloading and trans-shipment of natural gas and its derivatives, crude oil and its derivatives, condensate, petroleum products or any other forms of petroleum liquids in an unauthorised location shall forfeit the cargo and be liable to pay administrative penalty of 10% of the value of the cargo to the Authority PETROLEUM PIPELINES 146 A person who commits an offence under Sections 228 or 230 of the Act in relation to a matter under the petroleum pipelines provisions of these regulations a) a penalty not exceeding than USD $2,500,000 or its Naira equivalent at the prevailing Central Bank of Nigeria exchange rate. b) The pipeline or any ancillary installation shall be removed and the person shall make good any damage done to any land by such removal.
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