Library / Page | 1 MIDSTREAM AND DOWNSTREAM PETROLEUM OPERATIONS REGULATIONS, 2024
Page | 1 MIDSTREAM AND DOWNSTREAM PETROLEUM OPERATIONS REGULATIONS, 2024
Page 8 of 101
Page | 8 (i) regulate the establishment, construction and operations of terminal and bulk storage facilities in the Nigerian midstream and downstream petroleum industry; (j) regulate the operations of hydrocarbons refining facilities; (k) establish a procedure for the assignment, transfer or surrender of a licence or permit by a licensee or permit holder; (l) set out the procedure for the separation of licensed activities in the Nigerian midstream and downstream petroleum industry; (m) outline industry-specific codes of conduct and corporate governance standards for companies in the Nigerian midstream and downstream petroleum industry; (n) establish, maintain and make publicly available, registers of licences, permits, authorisations and exemptions issued, revoked, suspended, surrendered or withdrawn and any modifications, renewals, assignments, amendments or exemption or any other matter affecting the status of or any interest in a licence, permit or authorisation granted in the Nigerian midstream and downstream petroleum industry; (o) provide the procedure for the registration of licences, permits and authorisations or any other matter affecting the status of or any interest in a licence, permit or authorisation granted; (p) establish the midstream and downstream petroleum data repository in the Authority, and provide the procedure for the submission, collection and management of technical data in the Repository; (q) provide procedure for the disposal of confiscated materials and equipment in the Nigerian midstream and downstream petroleum industry; (r) provide a framework for the application, administration, and enforcement of penalties in midstream and downstream petroleum operations; and (s) provide sanctions, penalties, and administrative fines for failure to comply with the provisions of these Regulations. 2. These Regulations shall apply to persons, operations, and activities in the Nigerian midstream and downstream petroleum industry. Application
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