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

Page | 1 MIDSTREAM AND DOWNSTREAM PETROLEUM OPERATIONS REGULATIONS, 2024

Page 89 of 101

 
 
Page | 89 
 
 
 
 
 
 
(a) 
natural gas, the right to contract for and purchase a supply of 
wholesale gas, with capability to connect individually and economically 
to a transportation pipeline or transportation network and shall include 
gas distributors; 
(b) 
crude oil or petroleum products, a purchaser with annual capacity 
of 1,000,000 (one million) litres or its equivalent and above; 
“Wholesale Gas” has the meaning ascribed to it in the Act;  
“Wholesale Petroleum Liquids” has the meaning ascribed to it in the Act; 
and 
“Wholesale Points” means the points, such as coastal depots, hinterland 
depots, jetties, refineries, petrochemicals and processing plants’ including 
liquified natural gas processing plants, crude oil and natural gas export 
terminals, free on- board products measurement points and other points 
of aggregation that may be determined by the Authority, where 
petroleum liquids or natural gas or its derivatives exist or are sold in bulk. 
 
147. These Regulations may be cited as the Midstream and Downstream 
Petroleum Operations Regulations, 2024. 
Citation