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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D1. Relevant Markets Affected:
For each party, specify:
• Market(s) in which they operate (e.g., LPG retail, pipeline transmission,
storage terminals, fuel depots)
• Product Market Definitions
• Geographic Market Definitions (National, Regional, Local)
• Vertical Links or Integration Points (e.g., from refining to distribution)
D2. Market Shares (Pre- and Post-Merger):
Provide the following for each relevant market:
• Estimated market size (volume and value)
• Individual market shares of each party (last 3 years)
• Projected combined market share
• Top 5 competitors and their estimated shares
• Attach any market study or economic data relied on
D3. Horizontal and Vertical Effects:
Explain:
• Whether the merger combines two competitors in the same market
(horizontal)
• Whether the merger creates or enhances vertical integration (e.g.,
pipeline + depot ownership)
• Potential for foreclosure of access to infrastructure or inputs
• Potential for customer lock-in or exclusive dealing
D4. Likelihood of Anti-Competitive Effects:
☐ Price increase
☐ Capacity restriction
☐ Infrastructure foreclosure
☐ Input foreclosure
☐ Abuse of dominant position
☐ Margin squeeze
☐ Access discrimination
Explain mitigation measures, if any.
D5. Countervailing Factors:
• Are there credible competitors that constrain market power?
• Ease of market entry or expansion?
• Existence of regulation (tariff, access rules) that limit market power?
D6. Public Interest Considerations:
• Impact on employment
• National energy security
• Local content or Nigerian ownership
• Technology transfer or efficiency gains
Pricing & TariffsPDF90