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Dubai Issues Decree on Petroleum Products Trading

In his capacity as Ruler of Dubai, HH Sheikh Mohammed bin Rashid Al Maktoum, the Vice President and Prime Minister of UAE, has issued a decree appointing the Supreme Council of Energy as the entity responsible for trading in petroleum products in the emirate.

 

As per the decree, Dubai’s Supreme Council of Energy will be responsible for fulfilling the roles and authorities outlined in Federal Law No. 14 of 2017, its bylaws and all other decisions issued thereunder. In particular, the SCE will be authorising body for trading petroleum products in Dubai.

 

It is also been authorised to enter into agreements with public and private entities to carry out its responsibilities.

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