Introduction
The Midstream and Downstream Environmental Regulations, 2023 (Environmental Regulations) and the Midstream and Downstream Environmental Remediation Fund Regulations, 2023 (Fund Regulations) (together, the "Regulations") were made by the Midstream and Downstream Petroleum Regulatory Authority (Authority) on 10 May 2023 to address and mitigate the negative environmental impacts associated with midstream and downstream petroleum operations in Nigeria.
Other Mrican countries, such as South Mrica and Tanzania have enacted laws and implemented policies toward reducing the negative environmental effects of industrial activities including operations in the midstream and downstream petroleum sector. The Environmental Regulations define the responsibilities of licensees and permit holders (Regulated Entities) in midstream and downstream petroleum operations in relation to health and environmental standards. On the other hand. the Fund Regulations set out guidelines for establishing and financially supporting the Midstream and Downstream Environmental Remediation Fund (Fund) which is
dedicated to managing and mitigating adverse environmental effects resulting from the operations of Regulated Entities
