The oil and petroleum products trading sector plays an important role in Dubai’s economy. Positioned strategically at the crossroads of Europe, Asia, and Africa, Dubai is a key hub for oil and petroleum trading business. With its strategic location, advanced infrastructure, and business-friendly regulations, Dubai offers multiple opportunities for companies engaged in oil and gas trading business in Dubai, UAE. With our team of professionals, specialized knowledge, and strategic partnerships, we can guide you through the process of setting up and running a successful oil and gas trading business in Dubai.
- Introduction to Oil and Gas Trading Business in Dubai
- Oil and Gas Trading Activity List
- 1. Refined Oil Products Trading (4661.91)
- 2. Jet Fuel Supply Services (4661.93)
- 3. Fuel Supply Services (4661.94)
- 4. Diesel Fuel Trading (4661.98)
- 5. Petrol Station Equipment Trading (4773.57)
- Our Services
- Connect with Neeja Corporate Services
- Related Articles
Introduction to Oil and Gas Trading Business in Dubai
Setting up an oil and gas trading business in Dubai requires careful planning and commitment to local regulations. The first step is to register your company with the Department of Economic Development (DED) in Dubai. You will need to choose a suitable business structure, such as a Limited Liability Company (LLC) or a Free Zone Company, depending on your specific needs and requirements.
Oil and Gas Trading Activity List
Oil and gas trading involves the buying and selling of various petroleum products, including crude oil, natural gas, and refined products such as gasoline and diesel. This trading activity can take place through various channels, including exchanges, over-the-counter markets, and online platforms. Traders can speculate on the price movements of these commodities and profit from market fluctuations.
- Refined Oil Products Trading (4661.91)
- Jet Fuel Supply Services (4661.93)
- Fuel Supply Services (4661.94)
- Diesel Fuel Trading (4661.98)
- Petrol Station Equipment Trading (4773.57)
1. Refined Oil Products Trading (4661.91)
To obtain a business license categorized under Other Specialized Wholesale, select the business activity of Refined Oil Products Trading, using the activity code 4661.91.
Holding a Refined Oil Products Trading license in Dubai allows you to engage in the trade of various oil products that result from the refining of crude oil, which is essential in petrochemical industries. This license permits the sale of a range of refined oil products, including methanol, urea, olivine, aviation and marine fuels, kerosene, fuel oil, sulfur, and nitrogen compounds, as well as heavy products like tar, oil, and wax.
For example, methanol is a significant chemical used in the production of formaldehyde, acetic acid, and other chemicals, and it can also function as a solvent and fuel additive. Urea is widely utilized as a fertilizer in the agricultural sector. Additionally, you can trade olivine, a mineral important for refractory bricks and metallurgical applications.
Your license also allows you to trade specialized fuels for aviation and maritime use, such as jet fuel and marine fuel. Furthermore, you can deal in heavy oil-derived products, including tar, heavy oil, and wax, which serve various industrial purposes.
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Inclusions
With your Refined Oil Products Trading license in Dubai, you are authorized to trade oil products obtained from the refining of crude oil for use in petrochemical industries. This includes the sale of methanol, urea, olivine, aviation and marine fuels, kerosene, fuel oil, sulfur, nitrogen compounds, and heavy products like tar, heavy oil, and wax.
Exclusions
As a trader of Refined Oil Products, you are prohibited from selling diesel or gasoline.
Third-Party Approvals – Pre-license
Before a license is granted for Refined Oil Products Trading in Dubai, approval must be obtained from the Department of Petroleum Affairs (DPA) under The Ruler’s Court.
2. Jet Fuel Supply Services (4661.93)
To obtain a business license categorized under Other Specialized Wholesale, select Jet Fuel Supply Services with the activity code 4661.93.
Acquiring a trade license for Jet Fuel Supply Services in Dubai enables you to provide fuel, lubricants, and related operational materials to aviation companies.
Pre-License Third-Party Approvals
Before you can start in Jet Fuel Supply Services trading in Dubai, it is necessary to secure approval from the Dubai Civil Aviation Authority (DCAA). This authority regulates aviation activities and ensures adherence to aviation standards in Dubai. The approval process is crucial for confirming that businesses involved in jet fuel supply comply with safety, security, and operational requirements.
The DCAA evaluates several aspects before approving, including the applicant’s operational capabilities, infrastructure, adherence to safety regulations, and compliance with environmental standards. Additionally, the authority performs comprehensive inspections and assessments to ensure that all criteria for operating in the jet fuel supply industry are met.
Upon receiving DCAA approval, you may then proceed to obtain your trade license for Jet Fuel Supply Services in the Dubai Free Zone.
3. Fuel Supply Services (4661.94)
To obtain a business license categorized under Other Specialized Wholesale, select Jet Fuel Supply Services with the activity code 4661.93.
Acquiring a trade license for Jet Fuel Supply Services in Dubai enables you to provide fuel, lubricants, and related operational materials to aviation companies.
Pre-License Third-Party Approvals
Before you can engage in Jet Fuel Supply Services trading in Dubai, it is necessary to secure approval from the Dubai Civil Aviation Authority (DCAA). This authority regulates aviation activities and ensures adherence to aviation standards in Dubai. The approval process is crucial for confirming that businesses involved in jet fuel supply comply with safety, security, and operational requirements.
The DCAA evaluates several aspects before approving, including the applicant’s operational capabilities, infrastructure, adherence to safety regulations, and compliance with environmental standards. Additionally, the authority performs comprehensive inspections and assessments to ensure that all criteria for operating in the jet fuel supply industry are met.
Upon receiving DCAA approval, you may then proceed to obtain your trade license for Jet Fuel Supply Services in the Dubai Free Zone.
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4. Diesel Fuel Trading (4661.98)
To obtain a business license categorized under Other Specialized Wholesale, select the business activity of Diesel Fuel Trading with the activity code 4661.98.
Holding a Diesel Fuel Trading license in the Dubai Free Zone permits the licensee to resell diesel fuel to various industrial and commercial entities. This license enables you to purchase diesel fuel from suppliers and subsequently sell it to businesses that require fuel for their vehicles, ships, aircraft, or industrial and marine machinery. However, it is important to note that this license prohibits the resale of diesel fuel directly to individual customers.
It is essential to understand the regulations and guidelines established by the Free Zone and other pertinent authorities that govern the diesel fuel trading sector in your operational area.
Inclusions
With the Diesel Fuel Trading license in the Dubai Free Zone, you are authorized to resell diesel fuel to industrial and commercial entities to fuel vehicles, ships, aircraft, or industrial and marine machinery.
Exclusions
The Diesel Fuel Trading license does not permit the resale of diesel fuel directly to individual customers.
Third-Party Approvals – Pre-license
Before your Diesel Fuel Trading license can be issued in Dubai, you must obtain additional approval from the Department of Petroleum Affairs of The Ruler’s Court. This department regulates Dubai’s petroleum industry and related activities, establishing and enforcing rules to ensure the safe and legal trading of petroleum products, including diesel fuel.
5. Petrol Station Equipment Trading (4773.57)
To obtain a business license for the Retail Sale of Other Goods in Specialized Stores, select the business activity of Petrol Station Equipment Trading, identified by activity code 4773.57.
Holding a Petrol Station Equipment Trading License in the Dubai Free Zone grants you the right to engage in the resale of fuel dispensers, which are essential for dispensing fuel into vehicles at petrol stations. Your license also permits you to provide a variety of related services, such as the installation, repair, and maintenance of the equipment you sell.
As a licensed trader, you can procure an extensive selection of fuel dispensers from various manufacturers or suppliers and sell them to petrol stations, automotive service centers, or other entities involved in fuel distribution. Additionally, your license allows you to offer installation services, ensuring that the fuel dispensers are correctly set up at the client’s site, which may include connecting them to fuel storage tanks and establishing the necessary piping systems.
Moreover, you are authorized to deliver repair and maintenance services for the fuel dispensers you distribute. This encompasses troubleshooting issues or malfunctions, performing routine inspections, and ensuring that the dispensers remain in excellent working order.
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Third-Party Approvals
Trading in Petrol Station Equipment in Dubai does not necessitate third-party approvals.
Our Services
- Business setup and registration assistance
- Regulatory compliance and licensing support
- Market research and analysis
- Supplier and customer network connections
- Risk management and hedging strategies
- Logistics and shipping solutions
In conclusion, if you are looking to start or expand your oil and gas trading business in Dubai, partnering with us can give you a competitive edge. With our experience, expertise, and dedicated support, we can help you navigate the complexities of the market and achieve success in this lucrative industry. Contact us today to learn more about how we can support your oil and gas trading business in Dubai.
Connect with Neeja Corporate Services
Are you looking to start your new company in Dubai but feeling overcome by the registration process? Don’t worry, you’re not alone. Setting up a business in a foreign country can be challenging, but with the right guidance and support, it doesn’t have to be a stressful experience. Neeja’s business setup services offer complete support and serve as a one-stop shop for company setup in Dubai. We provide a wide range of value-added services, a successful oil and gas trading business in Dubai, UAE. Over the years, we have successfully advised many new entrepreneurs to make their business dreams a reality.
To book a free consultation, call on +971 43243031. You can also send a WhatsApp message at +971 50 465 2843. To connect over email, send us your query at incorp@neejacs.com.
