Section 197: Grant of a wholesale petroleum liquids supply licence.

1 Subject to sections 111 and 174 of this Act, the Authority may upon approval of
an application and payment of prescribed fees, grant and issue a qualified person a wholesale petroleum liquids supply licence.

2 A company that is a lessee producing crude oil or condensates or both or is a holder of a crude oil refining licence is a qualified person for the purpose of subsection (1) and shall be entitled to apply for and be issued a wholesale petroleum liquids supply licence by the Authority.

3 A wholesale petroleum liquids supply licence authorises the supplier to sell and deliver petroleum liquids to bulk customers in Nigeria or for export.