Section 3: Special powers as to storage of petroleum.
(1) Where the controller is satisfied that during any period of public emergency, a person having facilities for storage of petroleum is requested by a competent authority to accept petroleum for storage on terms appearing to the controller to be fair and reasonable and that person-
(a) has refused or failed to enter into a contract, or
(b) has entered into a contract but fails to perform his part. the controller may serve on the person concerned, notice of his intention to take over the storage facilities including all equipment and material normally used in conjunction with the storage facilities and, in addition, to make use of the services of operatives incidental to transport, storage and disposal of petroleum in the appropriate distribution network.
(2) The notice shall prescribe the time at which the facilities are to be taken over and the period not exceeding twelve months after the state of public emergency ceases to exist) during which they are to operated on behalf of the Federal Government.
(3) The failure to comply with the requirement of this section shall be an offence under this Act.
(4) For the purposes of this section, the controller shall be the sole judge of the duration of any state of public emergency.
Cite this section
Section 3, PETROLEUM CONTROL ACT (1967).
https://repo.podus.ai/laws/petroleum-control-act/section/3/