The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) called on stakeholders to make significant contributions to the rule as it launched stakeholder consultation on draft regulations on the measurement of petroleum products and safety in the industry on Wednesday.
The Petroleum Measurement Regulations seek to regulate and ensure accurate measurement and allocation of petroleum, petroleum liquids, natural gas and their derivates.
The regulations will specify the methodology for determining money accruing to the government, licenses, contractors, and other parties and will also impose sanctions and penalties for noncompliance.
The NMDPRA Chief Executive, Engr. Farouk Ahmed, said the consultations were part of the requirement of the Petroleum Industry Act 2021 while speaking at the start of a three-day stakeholder meeting in Abuja.
The purpose of the forum, according to Engr. Ahmed, who was represented at the event by Mr. Ogbugo K. Ukoha, Executive Director, Distribution Systems, Storage and Retailing Infrastructure (DSSRI), was to gather input from the operators and other stakeholders before the Authority made a final decision.
The agency also issued the industry’s first set of rules for the environmental management plan, the environmental remediation fund, decommissioning and abandonment, the gas infrastructure fund, and natural gas pipeline tariff in May.