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
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Page 34 of 35 “board of trustees” means the governing board of the Trust established under section 242 of the Act; "designated facility owner” means the owner or operator of petroleum crude oil and natural gas transportation pipelines, bulk storage tank farms, refineries and gas processing plants in midstream petroleum operations and petrochemical plants; “designated facilities” has the meaning ascribed to it in the Act; “disruptive act” means an act of vandalism, sabotage or other civil unrest that causes damage to designated facilities or disrupts petroleum operations within the host communities and includes lock out or lock down of the facility by the host community. “Fund” means the host communities development trust fund constituted by a licensee pursuant to the Act and these Regulations; “host community” means communities situated in or appurtenant to the area of operation of a licensee or designated facilities owner; and any other community as may be determined under the Act or these Regulations; “licence” means a licence issued by the Authority in respect of midstream or downstream petroleum operations; “licensee” means a holder of a licence whose area of operation is located in or appurtenant to a host community, and shall include the owner or operator of designated facilities as prescribed in the Act; “littoral community” means a community appurtenant or adjacent to Nigerian territorial waters where midstream petroleum operations are being undertaken in shallow or deep water; “management committee” means the committee set up under section 247 of the Act; “midstream petroleum operations” has the meaning given to it in section 318 of the Act as it relates to midstream gas and petroleum liquids operations;
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