Library / PETROLEUM INDUSTRY ACT, NO. 6, 2021 MIDSTREAM AND DOWNSTREAM PETROLEUM PREVENTION OF ANTICOMPETITIVE PRACTICES AND BEHAVIOUR REGULATIONS, 2026 ARRANGEMENT OF REGULATIONS

PETROLEUM INDUSTRY ACT, NO. 6, 2021 MIDSTREAM AND DOWNSTREAM PETROLEUM PREVENTION OF ANTICOMPETITIVE PRACTICES AND BEHAVIOUR REGULATIONS, 2026 ARRANGEMENT OF REGULATIONS

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    4.    Outcome: 
 - Any agreement reached shall be documented in a Settlement Agreement. 
 - The Authority may endorse the agreement as binding, provided it does not 
contravene public policy. 
 
5. Effect of ADR on Enforcement 
    •    Initiating ADR shall not halt ongoing investigations or enforcement unless 
expressly approved. 
    •    If ADR fails, regulatory processes shall continue uninterrupted. 
    •    Any admission or concession made in ADR shall be inadmissible in formal 
proceedings unless otherwise agreed. 
 
6. Costs 
    •    Each party shall bear its own costs. 
    •    Mediator’s fees, if any, may be split equally unless otherwise agreed. 
 
 
 
MADE at Abuja this …… day of …………, 2025. 
 
ENGR. FAROUK AHMED 
Authority Chief Executive 
Nigerian Midstream and Downstream 
Petroleum Regulatory Authority.