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Governance & Compliance

Business Structure

At AGGI Oil & Gas DMCC, we are structured for agility, transparency, and operational excellence. Our business model is designed to support robust global trading, upstream and downstream integration, and seamless compliance with international standards. AGGI Oil & Gas DMCC is structured into key operational divisions, each with a focused mandate to ensure specialization, efficiency, and risk management.

Trading Division

Responsible for the global trade of petroleum products, natural gas, crude oil, refined fuels, and petrochemicals.

The team manages physical commodity trading (FOB/CIF), market intelligence and price risk management, logistics, shipping, and demurrage control.

Upstream & Midstream Partnerships

This division oversees strategic alliances with producers and refineries.

It manages joint venture exploration and production (E&P) opportunities, crude procurement, and supply chain reliability.

Risk, Legal & Compliance

Operates independently from the trading desk to ensure adherence to international trade regulations (OFAC, EU, UN sanctions) and KYC/AML compliance.

Handles contractual risk assessment, legal review, ESG standards, and ethical business conduct.

Finance & Treasury

Manages structured trade finance, banking, investor relations, and forex hedging.

Oversees liquidity control, internal audits, and financial reporting

Business Development & Strategy

Focuses on new market entry (Africa, MENA, CIS) and long-term supply contracts/offtake agreements.

Supports investor presentations, roadshows, and strategic partnerships.

Corporate Governance Structure

Structure

AGGI Oil & Gas DMCC is built on a robust governance model that ensures transparency, accountability, and strategic oversight. Our governance structure defines the roles and responsibilities of our leadership and functional teams to promote sound decision-making and operational integrity.

We have established internal committees, compliance protocols, and management hierarchies that collectively ensure the highest standards of corporate conduct.

Board Oversight

Our Board of Directors provides strategic guidance and policy oversight. It is composed of seasoned professionals with diverse expertise in energy, finance, legal affairs, and global trade.

The Board meets regularly to review corporate strategy, risk profiles, operational performance, and regulatory compliance. It also oversees the Executive Committee and sets governance policies to ensure ethical and sustainable growth.

Internal Controls

We maintain stringent internal control systems to safeguard company assets, ensure financial accuracy, and prevent fraud or mismanagement. Our internal audit function reports directly to the Board Audit Committee, and we employ standardized protocols for documentation, approvals, risk assessments, and data reconciliation.

These controls are regularly reviewed and updated in accordance with international best practices.

Code of Conduct

Our Code of Conduct outlines the ethical standards expected of all employees, partners, and stakeholders. It includes clear guidelines on integrity, anti-corruption, respect in the workplace, and compliance with applicable laws. Each team member undergoes mandatory annual training and certification to reinforce our commitment to responsible business conduct.

Legal & Regulatory Compliance

UAE Regulatory Adherence

AGGI Oil & Gas DMCC operates in full compliance with UAE laws and the Dubai Multi Commodities Centre (DMCC) regulations. We are licensed and regulated by the appropriate authorities and maintain ongoing liaison with local regulators to stay aligned with evolving legal obligations.

International Trade Laws

We strictly follow international trade laws and import/export regulations across all jurisdictions where we operate. This includes adherence to the International Chamber of Commerce (ICC) trade rules, INCOTERMS, and bilateral/multilateral agreements applicable to the energy sector.

Risk Management Framework

Our enterprise-wide risk management framework identifies, assesses, and mitigates operational, financial, legal, and reputational risks. The framework is designed to proactively manage risks through compliance monitoring, scenario planning, and periodic audits.

Anti-Money Laundering (AML) Policy

Due Diligence Process

We conduct rigorous due diligence on all counterparties before entering into any commercial relationship. This includes corporate verification, beneficial ownership assessment, and screening against global watchlists.

KYC (Know Your Customer) Protocols

Our KYC policies require full documentation from all clients, suppliers, and financial partners. Information collected is verified through reputable sources, and profiles are updated regularly to ensure continued compliance.

Transaction Monitoring

All financial and trade transactions are monitored through automated systems to detect suspicious patterns or inconsistencies. We employ both real-time alerts and periodic audits to flag anomalies and ensure compliance with AML standards.

Reporting Obligations

We fulfill all regulatory reporting requirements related to money laundering and suspicious transactions. Our compliance team maintains open communication with regulatory bodies and law enforcement agencies where necessary.

Sanctions Control Policy

Sanction Screening Procedures

All counterparties and transactions are screened against global sanctions lists, including those from the UN, OFAC, EU, and other competent authorities. Our systems conduct automatic checks at the onboarding stage and before transaction execution.

OFAC, UN, EU Compliance

We maintain zero tolerance for any transactions that may violate sanctions. Our compliance team is trained in the latest regulations and ensures full alignment with international embargoes and restrictive measures.

Real-time Risk Assessment

Advanced compliance software supports real-time risk scoring and alert management. This enables rapid escalation and resolution of any compliance red flags.

Ethics & Integrity Policy

Whistleblower Protection

AGGI fosters a culture of openness where employees and partners can report unethical behavior without fear. Our whistleblower policy ensures anonymity, protection from retaliation, and impartial investigation of all reported concerns.

Conflict of Interest Management

Employees are required to disclose any personal or financial interest that may conflict with company objectives. A formal policy governs the assessment and mitigation of conflicts to maintain integrity in all dealings.

Business Ethics Training

All staff undergo periodic training on ethics, anti-bribery, workplace conduct, and corporate responsibilities. This strengthens our commitment to ethical excellence across the organization.

Data Privacy & Security

Data Handling Procedures

We implement structured protocols for the secure collection, storage, and disposal of sensitive information. Access is limited based on role, and all data handling practices are documented and monitored.

Cybersecurity Measures

AGGI employs state-of-the-art firewalls, encryption, multi-factor authentication, and intrusion detection systems to guard against cyber threats. Our IT team conducts regular vulnerability assessments and updates.

GDPR / Local Data Law Compliance

We adhere to the General Data Protection Regulation (GDPR) for EU interactions and local UAE data privacy laws. Our privacy policies ensure transparency, consent management, and data subject rights.

Environmental, Social & Governance (ESG)

ESG Commitments

Our ESG strategy is woven into our business planning, investment decisions, and supply chain practices. We prioritize environmental stewardship, social responsibility, and strong corporate governance.

Responsible Sourcing

We source materials and services from partners who demonstrate responsible environmental and labor practices. All suppliers undergo ESG screening to align with our sustainability values.

Emission Reduction Strategy

AGGI is committed to reducing its carbon footprint by optimizing logistics, supporting cleaner fuel alternatives, and investing in energy-efficient technologies.