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Sheikh Mohammed announces new law on trading of petroleum products

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Dubai - Decree will be published in the Official Gazette.

Published: Thu 27 Feb 2020, 4:21 PM

Updated: Thu 27 Feb 2020, 6:35 PM

  • By
  • Dubai Media Office

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, issued Decree No. (8) of 2020 appointing Dubai's Supreme Council of Energy as the entity responsible for implementing Federal Law No. 14 of 2017 on Trading in Petroleum Products in the emirate of Dubai.

According to the decree, Dubai's Supreme Council of Energy is 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 Supreme Council of Energy is responsible for issuing authorization for trading petroleum products in the emirate of Dubai.

The Supreme Council of Energy is also authorized to enter into agreements with public and private entities to carry out its responsibilities. This Decree will be published in the Official Gazette and is valid from its date of issuance.



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