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Midstream and Downstream Environmental Remediation Fund Regulations, Statutory Instrument no. 36 of 2023.

Country/Territory
Nigeria
Document type
Regulation
Date
2023
Source
FAO, FAOLEX
Original source
Federal Republic of Nigeria Official Gazette no. 110 of 2023.
Subject
Energy, Environment gen., Sea, Water
Keyword
Special fund Business/industry/corporations Oil Offences/penalties Resource/damage valuation EIA Financing Protection of environment Environmental standards Standards Coastal zone management Deep sea bed Marine area Wetlands Surface water
Geographical area
Africa, North Atlantic, Western Africa
Abstract

These Regulations, made under section 33 (y) of the Petroleum Industry Act, no. 6 of 2021, apply to the establishment and administration of the environmental remediation fund, and, in case a licensee fails to rehabilitate, manage or is unable to undertake the rehabilitation of any impact on the environment arising from its operations. The Regulations concern: general rules for the establishment and financial contribution of the midstream and downstream environmental remediation fund for midstream and downstream petroleum operations; rehabilitation and management of negative environmental impacts arising from midstream and downstream petroleum operations; financial contribution based on the size of the petroleum operations and the level of the environmental risk; fines, sanctions and administrative penalties for misconduct. The Regulations provide for: administrative matters concerning the establishment of the fund; utilisation of the fund; financial contribution and area of petroleum operations including: wetlands and mangrove areas, zones of 500 meters along any river or lake, a zone of 10 km seawards of a high-water mark, other onshore or swallow water areas defined as high risk by the authority, deep water areas; determination of intervention mechanism.

Full text
English
Website
www.nmdpra.gov.ng

References - Legislation

Implements

Petroleum Industry Act, no. 6 of 2021.

Legislation | Nigeria | 2021

Keyword: Energy conservation/energy production, Authorization/permit, Business/industry/corporations, Community management, Concession, Consumer protection, Continental shelf, Contract/agreement, Court/tribunal, Traditional rights/customary rights, Environmental standards, Exploration, Royalties/fees, Financing, Framework law, Governance, Institution, Mining, Natural gas, Offences/penalties, Oil, Ownership, Policy/planning, Procedural matters, Social protection, Transport/storage, Sustainable development, Tax/levy, Use restrictions, Standards, Protection of environment, Enforcement/compliance, Fiscal and market measures, Indigenous peoples

Source: FAO, FAOLEX