RIYADH — Saudi Arabia’s Ministry of Energy has confirmed that in accordance with the Petroleum and Petrochemical Materials Law issued under Royal Decree 1446H 12/7 (M/139), all activities related to petroleum and petrochemical materials require prior permission from the Ministry.
This new law replaces the previous Petroleum Products Trade Act and aims to ensure the safety and reliability of the supply of petroleum and petrochemical products, as well as strengthen the monitoring and supervision of sector operations to strengthen compliance with regulations and requirements.
The ministry said the system is designed to combat violations, maximize the optimal use of raw materials, support the transition to advanced production stages, protect the interests of consumers and licensees, and contribute to achieving the goals of Saudi Vision 2030 in the energy sector.
The main activities covered by this law include licenses for the sale and purchase, transportation, storage, use, import, export, packaging and processing of petroleum and petrochemical materials.
As part of its broader efforts to regulate and control petroleum and petrochemical operations from source to final consumer, the Ministry stressed that establishments engaged in such activities must promptly obtain the necessary permits in accordance with the law and its implementing regulations.
In this context, the Ministry of Energy has launched an electronic service that allows for the issuance of licenses for all covered petroleum-related activities through an online platform.
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