Library / Page | 1 MIDSTREAM AND DOWNSTREAM PETROLEUM OPERATIONS REGULATIONS, 2024
Page | 1 MIDSTREAM AND DOWNSTREAM PETROLEUM OPERATIONS REGULATIONS, 2024

Page 19 of 101
 
 
Page | 19 
 
valid wholesale petroleum liquids supply licence. 
(4) A wholesale petroleum liquids supplier shall conduct the activities 
under its licence in compliance with the following general 
obligations, to – 
(a) 
provide a reliable supply of petroleum liquids to 
purchasers on request; and 
(b) 
desist from activities, which in the opinion of the 
Authority may prevent, restrict, or distort competition. 
(5) A petroleum product distribution licence shall qualify the holder to 
purchase petroleum products only from a wholesale supplier. 
13.  
(1) 
From the commencement of these Regulations, a terminal to 
be used for the import or export of petroleum liquids shall not 
be operated where the terminal is not established pursuant to 
a licence granted by the Authority. 
(2) 
Petroleum liquids shall not be evacuated from the terminal for 
export or supply to bulk customers in Nigeria without a valid 
wholesale petroleum liquids supply licence granted by the 
Authority. 
(3) 
The loading or unloading of petroleum liquids shall not be 
carried out without the authorisation of the Authority. 
(4) 
A person wishing to export petroleum liquids from Nigeria shall 
apply to the Authority in accordance with guidelines made by 
the Authority.  
Import and 
export of 
petroleum 
liquids  
14.  
(1) 
An application by a licensee or permit holder for product 
certification may be granted by the Authority upon payment 
of prescribed fees and compliance with guidelines issued by 
the Authority. 
(2) 
The 
Authority 
and 
licensee 
shall 
undertake 
regular 
reconciliation of sold petroleum liquids or natural gas to ensure 
accounting and traceability.  
Product 
certification, 
reconciliation 
and 
accounting 
CHAPTER 2 
PETROLEUM TRANSPORTATION AND SHIPMENT