Library / Page 1 of 35 MIDSTREAM PETROLEUM HOST COMMUNITIES DEVELOPMENT TRUST REGULATIONS, 2024
Page 1 of 35 MIDSTREAM PETROLEUM HOST COMMUNITIES DEVELOPMENT TRUST REGULATIONS, 2024
Page 33 of 35
Page 33 of 35 (2) The licensee shall notify the Authority of the arrangements made under this regulation. 42. The Authority may issue guidelines, frameworks, rules, and directives for the effective implementation of these Regulations. Authority to make Guidelines, etc 43(1) In these Regulations- “Act” means the Petroleum Industry Act, 2021; “advisory committee” means the host communities advisory committee set up pursuant to section 249 of the Act; “annual contribution” means at least three per cent (3%) of a licensee’s actual annual operating expenditure of the preceding financial year in the midstream petroleum operations affecting the host communities for which the applicable host communities development trust fund was established; “applicable law” means all applicable laws, statutes, rules, regulations, official directives, ordinance, licence, permits or orders of any competent authority (whether administrative, legislative, executive or otherwise) including judgments, orders and decrees of courts, commissions or bodies exercising similar functions in each case as is in effect from time to time; ”area of operation” means i. for licensees operating pipelines appurtenant to the host communities, the distance of 500 meters will be measured on both sides of the pipeline as criteria to determine the host communities; and ii. for operational facilities that are appurtenant to the host communities, the criteria for the determination of host communities shall be a distance of 2 kilometers from the battery limit of the facility. “Authority” means the Nigerian Midstream and Downstream Petroleum Regulatory Authority; “Centre” means the Nigerian Midstream and Downstream Petroleum Alternative Dispute Resolution Centre Interpretation
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