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MIDSTREAM AND DOWNSTREAM PETROLEUM CODE OF CONDUCT REGULATIONS, 2023

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14. A person who – 
a. fails to provide information required under these Regulations; or 
b. makes a false declaration to the Authority, or willfully furnishes any 
information so required which is in any respect false or insufficient; 
or 
c. fails to comply with any provisions of these Regulations, 
 
shall, in addition to the sanctions, fines and penalties contained in the 
Act, be liable to an administrative penalty of NGN 250,000.00 for every 
day of the offence. 
 
 
 
Offences 
 
 
 
 
15. The Authority may issue guidelines, directives, and notices for the 
effective implementation of these Regulations. 
Authority to issue 
guidelines, 
directives  
16.  In these Regulations — 
 
“Act” means the Petroleum Industry Act, No. 6, 2021; 
 
“Board” means the Board of Directors of a company undertaking 
midstream and downstream petroleum operations in Nigeria; 
 
“company” means a holder of licence, permit or authorisation to 
undertake petroleum operations in the Nigerian midstream and 
downstream petroleum industry; and  
 
“NGN” means Nigerian Naira. 
 
Interpretation 
 
17. These Regulations may be cited as the Midstream and Downstream 
Petroleum Code of Conduct Regulations, 2023 
 
Citation