Khaleej Times, Saturday, May 06, 2023 | Shawwal 15, 1444
Abu Dhabi to regulate trade of petroleum products in the emirate
Emirates:
The Department of Energy – Abu Dhabi (DoE) has been mandated
to regulate the trade of petroleum products in the emirate.
DoE will develop a comprehensive framework to regulate trade, covering five key
areas, namely; law and regulation; collaboration with stakeholders; technical
permitting; inspection and compliance; and enforcement.
The department will also establish standards, codes, and technical and
operational requirements, and communicate them to all relevant parties, and will
collaborate with stakeholders to communicate and coordinate new regulation and
control requirements.
DoE will act as the competent authority in line with Federal Law No. (14) of
2017 regarding the regulation of petroleum products trading, and as mandated
through Law No. (5) of 2023 regarding the regulation of petroleum products
trading in Abu Dhabi.