Sheikh Hamdan issues resolution to form Regulatory Committee for Petroleum Products Trading, which will report to the Supreme Council of Energy
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, crown prince of Dubai, has issued a resolution forming the Dubai Regulatory Committee for Petroleum Products Trading. It will report directly to the Supreme Council of Energy which will include representatives from public and private sector groups.
UAE state news agency, WAM, reported that the committee includes representatives from the Ministry of Interior, Ministry of Energy and Industry, Federal Authority for Land and Maritime Transport, Supreme Council of Energy, Dubai Police, Directorate General of Civil Defence Dubai, Dubai Municipality, Roads and Transport Authority, Department of Economic Development, Dubai Customs, Dubai Chamber Of Commerce and Industry, Dubai Petroleum Company, Emirates National Oil Company, ENOC, Ports Customs and Free Zone Corporation and Dubai Maritime City Authority.
The chairman of the Supreme Council of Energy will appoint the chairman and vice chairman of the committee. The committee is responsible for all the duties prescribed in Federal Law No. (14) of 2017 on Trading in Petroleum Products and its bylaws and any other relevant regulation issued by Supreme Council of Energy. The committee reports to the Supreme Council of Energy.