Stakeholders Strive to Harmonize Interim Petroleum Measures and Safety Regulations

1 Petroleum industry stakeholders are currently meeting to harmonize draft Midstream and Downstream Petroleum (Safety) Regulations and Petroleum Measurement Regulations to improve sector operations.

2 The event entitled “Regulatory Stakeholder Consultation Forum”, scheduled to take place from 4 to 6 October, is organized by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

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3 The Director General of the Authority (ACE)NMDPRA, Malam Farouk Ahmed said so during the inauguration of the forum on Tuesday in Abuja.

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4 He said the event was aimed at getting feedback from stakeholders on the draft regulations.

5 News Agency of Nigeria recalled that the authority on August 1 began reviewing the first set of Midstream and Downstream Petroleum Regulations to bequeath industry with laws and policies enabling investment in the oil industry. sector.

6 The 10 regulations reviewed were: Petroleum (Transportation and Shipping) Regulations; Regulations on the assignment and transfer of licenses and permits.

seven It also included regulations on midstream and downstream petroleum (operations); Oil Pipeline Regulations, Gas Pricing Regulations, Domestic Demand and Delivery and Gas Pipeline Tariff Regulations.

8 Others were mid- and downstream downgrading and abandonment regulations; Environmental Regulations for Midstream and Downstream Operations, Midstream and Downstream Gas Infrastructure Fund Regulations and Environmental Remediation Funds Regulations.

9 Farouk, represented by Mr. Ogbugo UkohaExecutive Director, Distribution Systems, Storage and Retail Infrastructure, NMDPRA, said the Petroleum Industry Act (PIA) provided that before a settlement can be finalized, such settlement will be subject to public scrutiny.

ten He said the AIP also demanded the authority to publish the regulations in the media so that members of the public could have a say in the proposed regulations.

11 “We are required to publish these regulations when we have completed the drafting, whether by website, newspaper or any other means, and after 21 days after its publication to the public, we are required to seek public comment.

12 “Comments can be written or via a forum where they can also come to let us know if we have understood what we have proposed in the regulations or make contributions.

13 “What we are doing today is a continuation of what we did a few months ago, it is in accordance with the PIA.

14 A few months ago, we sent and published 10 draft regulations, worked with stakeholders and got their feedback at the time.

15 “Now again we have published two draft regulations, the first concerns safety and this is very important for this industry, the second concerns the measurement of the product, whether raw or refined, to pass from one hand to the other.

16 “You know in a value chain, we have a lot of operators, we have the one who will bring the products, buy, store and transport the products,” he said.

17 He said that as they change the guard, there must be measures to guard against disputes, adding that the authority is optimistic about the successful outcome of the stakeholders’ meeting.

18 RSA

19 NewsSourceCredit: NOPE

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