Nigeria - 2004 - Energy

Petroleum Act

Ministry of Energy and Natural Resources, Nigeria

This Act provides for the exploration of petroleum in the territorial waters and the continental shelf of Nigeria and to vest the ownership of all on-shore and off-shore revenue derivable from petroleum resources in the Federal government. A section of this document presents regulations on how to trade and manage petroleum products in Nigeria

Process Flow

National Assembly ⬤

Office of the President ⬤

Contacts

Approver

Ahmad Lawan

Senate President

National Assembly

Approver

Muhammadu Buhari

President of the Federal Republic of Nigeria

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Petroleum Act Current Version

January 2022

This Act provides for the exploration of petroleum in the territorial waters and the continental shelf of Nigeria and to vest the ownership of all on-shore and off-shore revenue derivable from petroleum resources in the Federal government. A section of this document presents regulations on how to trade and manage petroleum products in Nigeria

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