Dubai to form a committee to look over trade of petroleum products

The Dubai Supreme Council of Energy intends to set up a permanent committee to look over the trading of petroleum products in the UAE to safeguard the environment and assure the highest possible standards of security and safety in the trading of such products.

The Dubai Supreme Council of Energy intends to set up a permanent committee to look over the trading of petroleum products in the UAE to safeguard the environment and assure the highest possible standards of security and safety in the trading of such products.

The plan was discussed in an online meeting headed by the chairman of the Dubai Supreme Council of Energy, Sheikh Ahmed bin Saeed, said the emirate’s media office on Monday, July 4.

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The Vice-Chairman, Saeed Al Tayer, stated the council had allocated resolution No 3 of 2021 to draft the regulatory framework, regulations and strategies for trading liquefied petroleum gas and its results in the emirate.

Al Tayer stated that, in its directive, the Dubai Supreme Council of Energy specified the requirement of acquiring its authorisation to issue the permit to meet all approvals and necessities from government authorities in the UAE, as per their individual requirements.

The Supreme Council will function with government authorities to perform joint inspection campaigns to assure that workers in this sector follow the directive and apply for the highest safety and security standards.

The meeting also reconsidered the savings acquired by the 2030 Dubai Demand Side Management Strategy.

The council stated that in 2021, savings stood at 6.4 terawatts of electricity, equivalent to around 12.5% of the business as usual and approximately 12.2 billion imperial gallons of water, equal to 9.4% of the business as usual.

Since 2011, demand-side programmes have avoided 14.1 million tonnes of carbon dioxide emissions, leading to savings worth Dh9 billion ($2.45bn).

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The emirate further plans to reduce carbon emissions by 30% until 2030, according to the plan approved by the Dubai Supreme Council of Energy this year.

The plan is assumed to support the efforts of the UAE to achieve the country’s net-zero ambitions by 2050.

Dubai also intends to raise the share of renewables in its energy mix to 14% in this year as part of its plan to generate 25% of its energy requirements from renewable sources by 2030 and 100% by 2050.

Tariq Saeed

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