Law No. 9 of 2024 regarding dealing in regulated products.

This Law, comprising 22 articles, governs the handling of regulated products, such as petroleum, chemical, and petrochemical products, fertilizers, and their derivatives, produced in Qatar and subject to government oversight, as detailed in the attached list.
Chapter 2 outlines the establishment and functions of Qatar Energy Marketing and Trading Company, which renames the former Qatar Petroleum for the Sale of Petroleum Products Ltd., and transfers full ownership of Qatar Chemical and Petrochemical Marketing and Distribution Company (Products) to it. The Law grants the newly formed company exclusive rights to deal in and trade regulated products, both domestically and internationally. The Company also sets purchasing requirements that producing entities must comply with. Article 5 outlines nine core principles guiding the Company's operations to serve national interests, focusing on establishing an efficient marketing arm, achieving global competitiveness, maximizing market value, ensuring fair dealing, transparently acquiring services, avoiding negative impacts on producers, managing risks, maintaining high business integrity, and providing transparency in operations. The Company has an internal audit system and an independent external audit system in place to ensure the integrity of its operations. Under Article 8, the Minister's broad authority to implement the Law, specifically, he can consult with producing entities regarding new regulated products, set the start date for their sale, amend the list of regulated products, and impose financial penalties for violations.
Permissible and prohibited arrangements regarding regulated products are detailed in Chapter 7, providing that producing entities are permitted to store and deliver regulated products to the Company, whose exclusive rights do not preclude external competition or direct use of products, but any dealings with parties other than the Company are void without ministerial approval. Article 14 prohibits any illicit dealing in regulated products. Specifically, the following actions are considered illicit (i) selling regulated products to anyone other than the Company; (ii) purchasing regulated products from the Company with the intent to export them; (iii) obtaining a share of regulated products sold by the Company based on false information or documents; (iv) continuing to receive a share of regulated products sold by the Company after the reason for that allocation no longer exists; (v) using or disposing of a regulated product for a purpose other than that for which it was designated. Article 15 provides for penalties.