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Royal Decree No. M / 18 - The petroleum products trade system

Last updated: 23 December 2020

This decree aims to regulate all aspects of commercial activity related to trade in petroleum products, including use, sale, transport, storage, distribution, import and export. It vests the Ministry of Energy, Industry and Mineral Resources with the responsibility for implementing the provisions of the law, while the General Customs Authority collects the payments as determined by the law.

The law requires persons to obtain a permit from this ministry before exporting or importing any petroleum products or materials containing priced or unpriced petroleum products. Any person who trades in petroleum products including buying, selling, distribution or uses petroleum products for commercial purposes without the required permit or approval of the Ministry may be subject to cancellation of existing permits, suspension of supply contracts, and/or a ban from seeking future permits.

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