Midstream and Downstream Petroleum Fees Regulations, Statutory Instrument no. 40 of 2024.

These Regulations, made under sections 32 (a) and 33 (b) and (v) of the Petroleum Industry Act, No. 6, 2021, provide for: prescribing midstream and downstream petroleum operations and activities to be subject to a licence, permit, authorisation or approval from the Authority; indicating fees payable to the Authority for the grant, reissue or renewal of a licence, permit, authorisation; establishing levies. Therefore, these Regulations apply to the grant, reissue or renewal of a licence, permit, authorisation or approval in the Nigerian midstream and downstream activities and operations. Matters covered by these Regulations include: prohibition from undertaking activities without licence; payment to the Authority Fund for imported petroleum products sold in Nigeria, natural gas sold in Nigeria, and petroleum products produced, processed, refined, and sold in Nigeria; payment of prescribed fees.