Library / Page | 1 MIDSTREAM AND DOWNSTREAM PETROLEUM OPERATIONS REGULATIONS, 2024
Page | 1 MIDSTREAM AND DOWNSTREAM PETROLEUM OPERATIONS REGULATIONS, 2024
Page 13 of 101
Page | 13 become due immediately upon the sale of the petroleum products. (4) Following the issuance of certificate of quantity or reconciliation of products sold in Nigeria, the Authority shall issue a debit note to the wholesale customer for the payment stipulated in sub regulations (1) and (2) of this regulation. (5) The levy prescribed in sub regulations (1) and (2) of this regulation shall be paid within 21 days of issuance of the debit note by the Authority, and the Authority shall ensure collection at wholesale points. (6) An importer, producer or owner of the petroleum products shall collect the levies from its wholesale customer on behalf of the Authority and remit the levies to the Authority Fund and Midstream and Downstream Gas Infrastructure Fund within 21 days. (7) Where the importer, producer or owner of the petroleum products fails to remit the levies collected on behalf of the Authority within 21 days of the issuance of the debit note, the importer, producer or owner of the petroleum products shall, in addition to the amount not remitted, be liable to an administrative penalty equal to 10% of the amount unpaid for each month or part thereof after the date on which payment became due. (8) The Authority may, in addition to the penalty specified in sub- regulation (7) of this regulation - (a) suspend the licence of the importer, producer or owner of the petroleum products until the payment is made; or (b) suspend the operations of the facility into which the product was processed, discharged, or stored until the payment is made. 8. (1) A person shall not undertake the following gas operations in the Nigerian midstream and downstream industry without a valid licence, permit, or authorisation granted by the Authority - Licences, permits and authorisations for midstream and downstream
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