Library / Page | 1 MIDSTREAM AND DOWNSTREAM PETROLEUM OPERATIONS REGULATIONS, 2024
Page | 1 MIDSTREAM AND DOWNSTREAM PETROLEUM OPERATIONS REGULATIONS, 2024
Page 84 of 101
Page | 84 “Open Access” has the meaning ascribed to it in the Act; “operating envelope” means the limited range of process parameters in which operations will result in safe and acceptable performance of a plant or facility “operator” means an entity or company managing the operations of a facility “operation of law” refers to a judgement by a competent court of law, an award by an arbitration panel, the appointment of a receiver, receiver/manager or administrator under the Companies and Allied Matters Act No. 3 2020 or any comparable legislation in a foreign jurisdiction; “optimisation” means maximising plant yields and efficiency “Other Related Product” means all other substances or materials produced in the processing of crude oil, natural gas, and intermediates; “Own use” means for the use of a licenced facility in the location of the facility; “Peddling” means direct distributions of LPG, DPK, and AGO to end users with not more than 10,000 litres capacity truck or its equivalent; “permit holder” means a holder of a permit or authorization issued by the Authority for midstream or downstream petroleum operations in Nigeria. “permit to access flare gas” means a permission granted to a permit holder by the Authority to take flare gas at a flare point; “Petrochemical plant” means a facility for the processing of chemicals derived from petroleum. “Petrochemical products” means chemical products obtained from the processing of petroleum “Petroleum” has the meaning ascribed to it in the Act. “Petroleum-based additive” means are chemical compounds that improve the quality of petroleum liquids, natural gas or other hydrocarbon materials “Petroleum liquids derivatives” means products obtained from processing of petroleum liquids
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