Regulatory Updates: New Compliance Standards for Crude Oil Trading in the UAE

The UAE continues to strengthen its position as a global energy hub with updated regulations for crude oil and refined products trading.

Recent DMCC guidelines emphasize transparency and environmental compliance. This post breaks down the latest requirements, including licensing updates and reporting obligations, and how Standard Energy ensures seamless compliance for our clients.

In brief:

• The platform aims to improve collaboration and regulatory adherence among petroleum product traders in Abu Dhabi.

• Four working groups will oversee permits, inspections, legal affairs, and IT within the regulatory framework.

• The platform facilitates communication between stakeholders and authorities to ensure safety and compliance.