Meet discusses ways to organise trading of petroleum products

The Committee emphasised the need to step up efforts to encourage the procurement of diesel fuel from approved national firms in the country

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The Abu Dhabi Petroleum Products Trading Regulatory Committee (TRC) convened its first meeting of 2025, headed by Dr Saif Saeed AI Qubaisi, Acting Director-General of Regulatory Affairs at the Department of Energy, and attended by representatives from 21 federal and local government entities.

The meeting's agenda featured discussions on various subjects and included presentations concerning the ongoing efforts to organise the trading of petroleum products within the emirate.

Agreement was reached on the execution and monitoring of several recommendations and findings, consistent with the relevant legislation governing the regulation of petroleum products trading, namely Federal Law No. (14) of 2017, its executive regulations as per Cabinet Resolution No. (35) of 2019, and Law No. (5) of 2023 pertaining to the regulation of these activities in Abu Dhabi.

The meeting commenced with Adnoc Distribution providing a summary of the beneficial effects of enforcing the petroleum products trading regulation decision, highlighting the role of the Department of Energy and the Abu Dhabi Petroleum Products Trading Regulatory Committee in shrinking the grey market and mitigating malpractices.