Section 29: Establishment of the Nigerian Midstream and Downstream Petroleum Regulatory Authority.

1 There is established the Nigerian Midstream and Downstream Petroleum Regulatory Authority (in this Act referred to as "the Authority"), which shall be a body corporate with perpetual succession and a common seal.

2 The Authority shall have the power to acquire, hold and dispose of property, sue and be sued in its own name.

3 The Authority shall be responsible for the technical and commercial regulation of midstream and downstream petroleum operations in the petroleum industry.