PETROLEUM INDUSTRY ACT, 2021

Section 189: Conditions applicable to a bulk petroleum liquids storage licence.

2021Section 189 of 320Federal Republic of Nigeria

In addition to conditions as may be imposed by the Authority under section 114 of this Act, a bulk petroleum liquids storage licence shall be deemed to be granted subject to the conditions that the holder shall -
a where the licence is operated for the own account of the licensee, the licensee may own the petroleum liquids contained in the storage and where the licence is operated on an open access basis the licensee shall not own the petroleum liquids;
b conduct its licenced activities safely and reliably in compliance with any law in force and prescribed health and safety related regulations issued under this Act;
c have regard to the effect of its licenced activities on the environment and complying with the requirements for environmental protection, management and restoration under this Act; and
d mark, maintain and secure the boundaries of its facilities and associated infrastructure constructed under the terms of its licence and any law in force.

Cite this section

Section 189, PETROLEUM INDUSTRY ACT, 2021 (2021).

https://repo.podus.ai/laws/petroleum-industry-act-2021/section/189/