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

Page 76 of 101
 
 
Page | 76 
 
(a) 
change of operator; 
(b) 
change of company name; 
(c) 
debenture, mortgage, loan, lien, appointment of a 
receiver/manager or other obligation 
(d) 
extension of the licence, permits, authorization or any 
modification or exemption or any other matter affecting the status 
of or any interest in any licence, permit or authorisation registered; 
(e) 
surrender of the licence permits, authorisations or any 
modification or exemption or any other matter affecting the status 
of or any interest in any licence, permit or authorisation registered, 
(f) 
the mortgage of a facility under Authority’s licence, permits 
or authorisations, 
(g) 
assignment or transfer of a licence or permit as provided in 
the Assignment of Transfer of Licences and Permits Regulations, 
2023, and 
(h) 
revocation of the licence, permits, authorisations or any 
modification, amendment or exemption or any other matter 
affecting the status of or any interest in any licence, permit or 
authorisation registered; 
“change in ownership or control” means a change in ownership or control 
of a permit or licence to operate a midstream or downstream facility or a 
change in ownership or control of an interest or rights therein either 
through lease, lien, assignment, mortgage or a change in ownership or 
control of an interest or rights therein of a corporate body either through 
merger, acquisition, takeover, shares divestment in part or whole or similar 
transaction; 
"class' A' petroleum" includes all hydrocarbon liquids having a flash point 
below 73 oF, by Abel closed cup test, and all petroleum stocks with a flash 
point below 200 of that are being handled at temperatures above their 
flash point;   
"class 'B' petroleum" includes all hydrocarbon products having flash points 
from 73 oF, to 50 oF, inclusive;   
"class 'C' petroleum" includes all hydrocarbon products having flash 
points above 150 oF;