عربي
Search Search Search

 

CSR

 

Fuel Prices

 

Tenders

 

  • Products and Services
  • Fuel Prices
  • Tenders
Call Center
40217777
Toll Free Number
800-3835 800-FUEL

​​​​​​​​​​​​​​​​​​​​​​

​​

 Featured News

 

 

“WOQOD” Opens Petrol Station Onaiza and Mobile Station at Al Mearad area<p>​</p><font color="#000000" face="Times New Roman" size="3"> </font><font color="#000000" face="Times New Roman" size="3"> </font><font color="#000000" face="Times New Roman" size="3"> </font><p align="center" style="margin:0in 0in 0pt;text-align:center;line-height:115%;"><span style="text-decoration:underline;"><span style="line-height:115%;font-size:13.5pt;"><strong><font color="#000000" face="Calibri">“WOQOD” Opens Petrol Station Onaiza and </font></strong></span></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p align="center" style="margin:0in 0in 0pt;text-align:center;line-height:115%;"><span style="text-decoration:underline;"><span style="line-height:115%;font-size:13.5pt;"><strong><font color="#000000" face="Calibri">Mobile Station at Al Mearad area </font></strong></span></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:12pt 0in 0pt;line-height:115%;"><span style="line-height:115%;font-size:13.5pt;"><font color="#000000" face="Calibri">As part of WOQOD’s ongoing expansion plans to be able to serve every area in Qatar, Qatar Fuel “WOQOD” opened Two Petrol Stations, one fixed at Onaiza area and Mobile Station at Al Mearad area on Sunday 12 May 2019.</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:12pt 0in 0pt;line-height:115%;"><span style="line-height:115%;font-size:13.5pt;"><font color="#000000" face="Calibri">WOQOD’s CEO, Saad Rashid Al Muhannadi, said: We are pleased to re-open fixed petrol station in Onaiza after its renovation/expansion and open new Mobile Station in Al Mearad. WOQOD aspires to expand its petrol station network in the country to meet the rising demand for petroleum products and achieve the goal of providing customers with access to best-in-class products and services at their convenience and comfort. WOQOD has recently accelerated the process for the construction of new petrol stations to meet the fuel and energy needs of the country. WOQOD team would like to extend their gratitude to all concerned governmental and private entities that contributed to the completion of this project.”</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:12pt 0in 0pt;line-height:115%;"><span style="line-height:115%;font-size:13.5pt;"><font color="#000000" face="Calibri">Onaiza Petrol Station is spread after expansion over an area of 3900 square meters and has 4 lanes with 12 dispensers instead of 4 dispensers within two lanes prior expansion, which will serve Onaiza and its neighborhood. </font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:12pt 0in 0pt;line-height:115%;"><span style="line-height:115%;font-size:13.5pt;"><font color="#000000" face="Calibri">The Petrol Stations offer round-the-clock services to residents, and include Sidra convenience store, and sale of LPG cylinders, in addition to sale of gasoline and diesel products for light vehicles.</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:12pt 0in 0pt;line-height:115%;"><span style="line-height:115%;font-size:13.5pt;"><font color="#000000" face="Calibri">Further, he added that re-opening of Onaiza Petrol Station is included in WOQOD planning for operation of 30 new petrol stations on the current year 2019.</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:12pt 0in 0pt;line-height:115%;"><span style="line-height:115%;font-size:13.5pt;"><font face="Calibri"><font color="#000000">Al-Muhannadi concluded his announcement by saying that “As part of its strategic expansion plan, WOQOD is targeting the achievement of a total of 134 fuel stations by the end of 2020”.<span style=""><font size="4">                </font></span></font></font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:0in 0in 0pt;"><span lang="EN" style="font-size:13.5pt;"><font color="#000000" face="Calibri"> </font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:0in 0in 0pt;"><span style="font-size:13.5pt;"><font color="#000000" face="Calibri"> </font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p align="center" style="margin:12pt 0in 0pt;text-align:center;line-height:150%;"><span style="line-height:150%;font-size:13.5pt;"><font color="#000000" face="Calibri"> </font></span></p><font color="#000000" face="Times New Roman" size="3"> </font>As part of WOQOD’s ongoing expansion plans to be able to serve every area in Qatar, Qatar Fuel “WOQOD” opened Two Petrol Stations, one fixed at Onaiza5/18/2019 10:00:00 PM
Qatar Petroleum partially amended its membership in Qatar Fuel (WOQOD) Board<p>​Qatar Petroleum partially amended its membership in Qatar Fuel (WOQOD) Board</p>​Qatar Petroleum partially amended its membership in Qatar Fuel (WOQOD) Board5/15/2019 10:00:00 PM
“WOQOD” Opens New Petrol Station Wadi Aba Seleel<p>​</p><p style="text-align:center;"><span lang="EN" style="text-decoration:underline;"><strong> </strong></span></p><p style="text-align:center;"><strong>"</strong><span lang="EN" style="text-decoration:underline;"><strong>WOQOD" Opens New Petrol Station Wadi Aba Seleel </strong></span></p><p style="text-align:justify;"><strong>A</strong>s part of WOQOD's ongoing expansion plans to be able to serve every area in Qatar, Qatar Fuel "WOQOD" opened Wadi Aba Seleel Petrol Station on Wednesday 08 May 2019, and by this raised its network of various petrol stations to <strong>87</strong>.</p><p style="text-align:justify;">WOQOD's CEO, Saad Rashid Al Muhannadi, said: We are pleased to open new fixed petrol station in Wadi Aba Seleel. WOQOD aspires to expand its petrol station network in the country to meet the rising demand for petroleum products and achieve the goal of providing customers with access to best-in-class products and services at their convenience and comfort. WOQOD has recently accelerated the process for the construction of new petrol stations to meet the fuel and energy needs of the country. WOQOD team would like to extend their gratitude to all concerned governmental and private entities that contributed to the completion of this project."</p><p style="text-align:justify;">Wadi Aba Seleel Petrol Station is spread over an area of 9600 square meters and has 3 lanes with 6 dispensers and separated lane with 2 diesel dispensers for Truck that will serve Wadi Aba Seleel and its neighborhood. </p><p style="text-align:justify;">The new Petrol Stations offer round-the-clock services to residents, and include Sidra convenience store, Manual Car Wash, Oil Change and Tire Repair, and sale of LPG cylinders, in addition to sale of gasoline and diesel products for light vehicles.</p><p style="text-align:justify;">Further, he added that WOQOD is currently overseeing the implementation of 30 new petrol stations, which will be operational on the current year 2019.</p><p style="text-align:justify;">Al-Muhannadi concluded his announcement by saying that "As part of its strategic expansion plan, WOQOD is targeting the achievement of a total of 134 fuel stations by the end of 2020".                </p><p style="text-align:justify;"> </p><p style="text-align:justify;">Doha, 08 May 2019</p>“WOQOD” Opens New Petrol Station Wadi Aba Seleel5/8/2019 10:00:00 PM
Ramadan Mubarak<p>​Ramadan Mubarak.</p>Ramadan Mubarak5/4/2019 10:00:00 PM
WOQOD Board of Directors held its third meeting for the year 2019<p>​</p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:0in 0in 0pt;"><span style="line-height:150%;font-size:16pt;"><strong><span style="text-decoration:underline;"><font color="#000000" face="Calibri">Woqod Board of Directorate held its third meeting for the year 2019</font></span></strong></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;line-height:115%;"><span style="line-height:115%;font-size:13pt;"><font color="#000000" face="Calibri">Eng. Saad Rashid Al-Muhannadi WOQOD Chief Executive Officer has announced that WOQOD Board of Directors held its third meeting for the year 2019 at 1:30 pm. on Sunday, 28/04/2019 at WOQOD Tower West Bay, presided over by Mr. Ahmed Saif Al Sulaiti Chairman of the Board. The Board discussed and approved the unaudited financial statements and the operational activities results of the Company during the first quarter of 2019 ending 31/03/2019.</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;"><font color="#000000" face="Calibri" size="4">Eng. Al-Muhannadi stated that the net profit of the company at the end of the first quarter of 2019 attributable to WOQOD shareholders amounted to QR 327 million compared to QR 301 million for the same period in 2018, with an increase of QR 26 million representing 9% increase rate. He went on further to explain that the increase in profits is attributable to the efforts exerted to enhance efficiency in the business activities and operations of the company, as well as the concomitant efforts to reduce expenses.</font></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;text-align:justify;line-height:115%;"><span style="line-height:115%;font-size:13pt;"><font color="#000000" face="Calibri">He added that the operational expenses were reduced by 8% during the first quarter of 2019 compared to the corresponding period in 2018.</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;text-align:justify;line-height:115%;"><span style="line-height:115%;font-size:13pt;"><font color="#000000" face="Calibri">With regard to earning per share, Eng. Al-Muhannadi said that it had reached QR 3.29 by the end of first quarter 2019 compared to QR 3.03 for the first quarter of 2018.</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;line-height:115%;"><span style="line-height:115%;font-size:13pt;"><font color="#000000" face="Calibri">Concerning the company's projects, Eng. Al-Muhannadi explained that the WOQOD plan for 2019 aims to build and operate 30 more petrol stations, and therefore the number of stations by the end of this year will be 114 stations, and by then WOQOD will be more than doubling the number of its operating, which were 52 stations in 2017, in two years only. He added further that WOQOD plans to build another 50 petrol stations during the period from 2020 to 2023, and thus number of the stations owned by the company will be about 164 stations.</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;"><font color="#000000" face="Calibri" size="4">With regard to the company's operations, Al-Muhannadi explained that the company achieved 3% growth in total fuel sales, where sales of Jet A1 which increased by 9%, Bitumen by 17%, LPG by 4%, Natural Gas by 62% and Heavy Fuel Oil by 44%. The retail sales of petroleum products increased by 30% while non-oil retail sales, including Sidra stores sales, grew by 13%.</font></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;text-align:justify;line-height:115%;"><span style="line-height:115%;font-size:13pt;"><font color="#000000" face="Calibri">In conclusion, Eng. Al-Muhannadi acknowledges that the management of the company and its Board of Directors will exert every effort to support building a robust and sustainable downstream Oil and Gas distribution Sector within the State of Qatar through the utilization and implementation of latest international standards in furtherance of public policy objectives in modernizing general services infrastructure and utilities, and providing the best services to the State of Qatar, its citizens and residents while achieving the best results for its shareholders.</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;text-align:justify;line-height:115%;"><span style="line-height:115%;font-size:9pt;"><font color="#000000" face="Calibri"> </font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p align="center" style="margin:6pt 0in 0pt;text-align:center;line-height:115%;"><span style="line-height:115%;font-size:14pt;"><font color="#000000" face="Calibri"> </font></span></p><font color="#000000" face="Times New Roman" size="3"> </font>Eng. Saad Rashid Al-Muhannadi WOQOD Chief Executive Officer has announced that WOQOD Board of Directors held its third meeting for the year 2019 at 1:4/27/2019 10:00:00 PM
Board Of Directors Meeting on 28th April 2019<p>​Board Of Directors Meeting on 28th April 2019</p>Board Of Directors Meeting on 28th April 20194/24/2019 10:00:00 PM
Dividends Distribution For Qatar Fuel Company Q.P.S.C. ("WOQOD") For 2018 And previous Years.<p>​Dividends Distribution For Qatar Fuel Company Q.P.S.C. ("WOQOD") For 2018 And previous Years.</p>Dividends Distribution For Qatar Fuel Company Q.P.S.C. ("WOQOD") For 2018 And previous Years.3/26/2019 10:00:00 PM
تقرير الحوكمة لقطر للوقود وقود عن عام 2018 <p></p><a href="/EN/MediaCenter/News/Documents/الحوكمة.pdf">يرجى الضغط لتنزيل تقرير الحوكمة لقطر للوقود وقود عن عام 2018 </a> تقرير الحوكمة لقطر للوقود وقود عن عام 2018 3/26/2019 10:00:00 PM
AGM and EGM - CEO Message 25th March 2019<p>​</p><p style="text-align:center;"><span style="text-decoration:underline;"><strong>CEO Message</strong></span></p><p style="text-align:justify;"><strong> </strong></p><p style="text-align:justify;"><strong> </strong></p><p style="text-align:justify;"><strong>Our honored Shareholders,</strong></p><p style="text-align:justify;">I am pleased to present to you major achievements of WOQOD Group for the financial year 2018, along with plans and projects for the coming period. The year 2018 was another distinguished year in WOQOD's continuous and persistent progress to make positive transformation where almost all the company performance indicators achieved excellent results as detailed in the Annual Report.    </p><p style="text-align:justify;">I would like to summarize the key achievement indicators for the aforesaid year;</p><p style="text-align:justify;">As regards the financial performance and as highlighted by the Chairman, the company has achieved a significant development, where net income attributable to WOQOD shareholders amounted to QAR 1,160 Million as compared to QAR 964 Million for the year 2017, a 20% increase. This resulted in a corresponding increase of 20% in the earing per share (EPS) as compared to the year 2017.</p><p style="text-align:justify;">These positive results are largely attributable to the policies adopted by the company during the last two years towards the enhancement of capability and efficiency and cost optimization in the operations of the company.</p><p style="text-align:justify;">With respect to fuel stations, WOQOD opened 32 new stations in the year 2018. This is equivalent to 62% of the number of stations opened since the establishment of WOQOD in 2002. It is worth noting that in addition to the considerable expansion of fuel stations, WOQOD enhanced the capability and efficiency of the stations, through increasing the number of dispensers in the stations by 61%. This contributed to achieving considerable saving of time and effort for our honored customers.</p><p style="text-align:justify;">In 2019, WOQOD will complete the construction and operation of 30 new fuel stations in different areas of the state of Qatar. The construction contracts for these stations have already been signed. WOQOD will thus be doubling the number of fuel stations, owned by the company until 2017, in only 2 years. this shows our commitment to our customers and will certainly have a positive impact in the provision of services.</p><p style="text-align:justify;">Due to the expansion of fuel stations and dispensers as aforesaid, WOQOD's share of fuel retail market has increased to 70%. This has also been associated and supported by a simultaneous a development in Sidra stores sales and other related services in fuel stations. </p><p style="text-align:justify;">With regards to the Bitumen Facilities Expansion Project, the Bitumen tanks providing 15,000 M.T. of storage capacity have already been completed. This expansion will allow WOQOD to retain its market share and deliver the products to customers in a timely manner and for a competitive prices, and will also contribute to the optimization of cost of storage services on board vessels. The remaining parts of the project will be finalized by the coming April 2019.</p><p style="text-align:justify;">With regard to vehicle technical inspection services (FAHES), the company continued its endeavors and completed 3 new inspection centers in 2018, thereby increasing the total number of centers in operation to 12 including mobile stations. This will facilitate our services to our respected customers. It is to be noted that, there is a center currently under construction that will be opened in this year 2019, and another in the design phase.</p><p style="text-align:justify;"> </p><p style="text-align:justify;">The company has concluded a number of contracts and agreements to ensure the sustainability of its business activities. The details are as follows:-</p><ul style="list-style-type:disc;"><li>With regard to fuel supply agreements, Regulated Products Sale & Purchase Agreement and Jet Fuel (Jet A-1) Sale & Purchase Agreement with Qatar Petroleum have both been renewed for a further period of 5 years. HFO Sale & Purchase Agreement with Qatar Petroleum has also been renewed for 2 years. It is worth nothing that petroleum products contracts account for more than 80% of the company's revenues. Similarly, Arrangements are underway for renewing Butane Gas (LPG) Sale & Purchase Agreement.</li><li>License granted to WOQOD Vehicle Inspection Company (FAHES) by Ministry of Interior has been renewed for a further period of 5 years.</li><li>The steps for renewal of WOQOD concession for 5 years have advanced further after the ‎endorsement of the Council of Ministers.‎<br><br>All indicators for Petroleum products sales have registered varying levels of increase in comparison with the year 2017, with the exception of bitumen and bituminous products which registered a slight decrease driven by supply and demand factors.<br><br>Similarly, WOQOD subsidiaries revealed positive indicators, WOQOD vehicle Inspection Company (FAHES) revenue amounted to QAR 107 Million with 37% increase as compared to QAR 78 Million in 2017. WOQOD Marine Service revenue amounted to QAR 75 Million as compared to QAR 80 Million Qatari Riyals for the year 2017, whereas QJet revenue amounted to QAR 9.9 Billion as compared to QAR 6.8 Billion in 2017.‎<br><br>And last but not the least, I would like to convey my profound thanks and appreciation to Mr. Ahmed Saif Al-Sulaiti, Chairman of the Board of Directors and the respected board members for their prudent guidance and continuous support to the company.<br><br>Our thanks are also due to all government authorities, public and private institutions and to our honored shareholders and to WOQOD employees for their significant efforts in serving and developing the company.<br><br>We promise to exert more efforts and deliver our best to achieve the company's objectives in future.<br><br>Thank you.<br><br> <br><br><strong>Saad Rashid Al-Muhannadi</strong><br><br><strong>Chief Executive Officer</strong></li></ul>AGM - CEO Message 25th March 20193/25/2019 10:00:00 PM
WOQOD Annual Report 2018<p><a href="/EN/MediaCenter/News/Documents/WOQOD%20ANNUAL%20REPORT%202018%20COMBINE%2020190324.pdf">Kindly click the link to download the annual report. ​</a></p>WOQOD Annual Report 20183/23/2019 10:00:00 PM
Invitation to attend the Annual General Assembly & Extraordinary General Assembly Meetings.<p>​<a href="/EN/MediaCenter/News/Documents/Proxy%20form%20-%202019%20(MM)%20.pdf">Kindly Click to download the Proxy Form.</a></p>Invitation to attend the Annual General Assembly & Extraordinary General Assembly Meetings 11/3/20193/10/2019 10:00:00 PM
The Extraordinary General Meeting of Qatar Fuel (WOQOD) has been postponed to 25/03/2019<p>​</p><font color="#000000" face="Times New Roman" size="3"> <span style="line-height:107%;font-size:16pt;"><font color="#000000" face="Calibri">The Extraordinary General Meeting of Qatar Fuel (WOQOD) has been postponed to 25/03/2019, as the attendance percentage was not achieved.</font></span></font><font color="#000000" face="Times New Roman" size="3"> </font>The Extraordinary General Meeting of Qatar Fuel (WOQOD) has been postponed to 25/03/2019, as the attendance percentage was not achieved.3/2/2019 10:00:00 PM
ANNUAL GENERAL MEETING INVITE, BOARD OF DIRECTORS REPORT SUMMARY AND CONSOLIDATED FINANCIAL STATEMENTS<p><a href="/EN/MediaCenter/News/Documents/Financial%20-%201.pdf">​Kindly click to download the document.</a></p>ANNUAL GENERAL MEETING INVITE, BOARD OF DIRECTORS REPORT SUMMARY AND CONSOLIDATED FINANCIAL STATEMENTS2/26/2019 10:00:00 PM
WOQOD Net Profit for 2018 Amounted to 1,160 Million Qatar Riyals<p>​</p><font color="#000000" face="Times New Roman" size="3"> </font><p align="center" style="margin:0in 0in 8pt;text-align:center;"><span style="text-decoration:underline;"><span style="line-height:107%;font-size:14pt;"><strong><font color="#000000" face="Calibri">WOQOD Net Profit for 2018 Amounted to 1,160 Million Qatar Riyals</font></strong></span></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;line-height:115%;"><font face="Calibri"><font color="#000000"><span style="line-height:115%;font-size:13pt;">WOQOD Chief Executive Officer, Engineer Saad Rashid Al-Muhannadi announced that Qatar Fuel (WOQOD) Board of Directors, chaired by Mr. Ahmed Seif Al-Sulaiti, convened its meeting at 01:30 pm on Monday 25 February 2019, in WOQOD Tower, West Bay. The Board reviewed the </span><span style="line-height:115%;font-size:13pt;">f</span><span style="line-height:115%;font-size:13pt;">inancial results achieved by the company during the </span><span style="line-height:115%;font-size:13pt;">financial</span><span style="line-height:115%;font-size:13pt;"> year ended 31 December 2018 and approved the said results.</span></font></font></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;text-align:justify;line-height:115%;"><font face="Calibri"><font color="#000000"><span style="line-height:115%;font-size:13pt;">Engineer</span><span style="line-height:115%;font-size:13pt;"> </span><span style="line-height:115%;font-size:13pt;">Al-Muhannadi revealed that WOQOD net profits for the year 2018 (excluding minority interests) amounted to 1160 Million Riyals, compared to 964 Million Riyals achieved in the year 2017, representing an increase of 20% from the preceding year 2017. Earning per share (EPS) amounted to QR. 11.7 compared to 9.7 Riyals per share for the preceding year.</span></font></font></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;line-height:115%;"><span style="line-height:115%;font-size:13pt;"><font color="#000000" face="Calibri">Shareholders equity increased by about 12% to 8.3 Billion Riyals for the said year, compared to QAR 7.4 Billion for the year 2017.</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;text-align:justify;line-height:115%;"><font face="Calibri"><font color="#000000"><span style="line-height:115%;font-size:13pt;">Engineer</span><span style="line-height:115%;font-size:13pt;"> </span><span style="line-height:115%;font-size:13pt;">Al-Muhannadi added that good results achieved in net profits and return per share are attributable to the measures taken for the enhancement of efficiency and capability in company business activities and operations, and to the efforts exerted towards cost reduction through a multi- initiative and integrated cost optimization policy started in the year 2017 through 2018 and still being implemented in a phased manner.</span></font></font></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;text-align:justify;line-height:115%;"><font face="Calibri"><font color="#000000"><span style="line-height:115%;font-size:13pt;">Engineer</span><span style="line-height:115%;font-size:13pt;"> </span><span style="line-height:115%;font-size:13pt;">Al-Muhannadi further announced that, in line with the financial results achieved, the Board of Directors issued a recommendation included in the agenda for the Annual General Assembly Meeting to be convened in the evening of the 25<sup><font size="3">th</font></sup> of March 2019, for distribution of dividends amounting to 8 Qatari Riyal per share, resulting in total dividend payout of Qatar Riyals 795 Million equivalent to 80% of the nominal paid share capital.</span></font></font></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;text-align:justify;line-height:115%;"><span style="line-height:115%;font-size:13pt;"><font color="#000000" face="Calibri">The recommendation has taken into account the present liquidity status and future fund requirements for capital projects approved for the year 2019, and thereafter.</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;text-align:justify;line-height:115%;"><font face="Calibri"><font color="#000000"><span style="line-height:115%;font-size:13pt;">Engineer</span><span style="line-height:115%;font-size:13pt;"> </span><span style="line-height:115%;font-size:13pt;">Al-Muhannadi went on to say that, the Board has reviewed the current and future projects intended for implementation by the company in support of the comprehensive infrastructure development policy currently under implementation in the State of Qatar. Fuel Service stations currently operated by WOQOD amounted to 84 stations by the end of the year 2018, where another 32 stations were added throughout the State of Qatar. The company will build 30 additional fuel stations in the year 2019. WOQOD will thus be doubling the stations built since its incorporation in 2002 only in 2 years. </span></font></font></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;line-height:115%;"><font color="#000000" face="Calibri" size="4">WOQOD has not only limited its efforts in building new stations in the year 2018 but has gone further with the enhancement of the capability and efficiency of stations by increasing the number of dispensers in the stations currently under construction by 61%, thus availing an adequate <span> </span>service to its customers.</font></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;line-height:115%;"><font color="#000000" face="Calibri" size="4">He went on to say that, WOQOD will continue to add new dispensers during the year 2019 and thereafter, in order to reduce the congestion and queue of vehicles at fuel stations resulting from the closure of many private stations. </font></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;line-height:115%;"><font color="#000000" face="Calibri" size="4">He further emphasized that in pursuit of its role for serving the country and the community, WOQOD would not hesitate to build fuel stations at any location and at any time in case of availability of land and the need for the project, </font></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;line-height:115%;"><font size="4"><font face="Calibri"><font color="#000000">With regard to the Bitumen Facilities Expansion Project, the Bitumen tanks providing 15000 M.T. of storage capacity have already been completed. This expansion will allow WOQOD to retain its market share and deliver the product to customers in a timely manner and for a competitive price, and will also contribute to the optimization of costs of the storage services on board ships. The remaining parts of the project will be finalized by the coming April 2019. <span> </span></font></font></font></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;text-align:justify;line-height:115%;"><span style="line-height:115%;font-size:13pt;"><font color="#000000" face="Calibri">As for WOQOD Technical Inspection company “FAHES”, the company has added Al Shahania permanent center along with another temporary center to its network. In the year 2018. Hence the current total operating centers reached twelve (12) centers including five (5) mobile centers. Al Mazrooaa center will be added in the few coming months, and the center at Mowater city will follow at a later stage.</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;text-align:justify;line-height:115%;"><span style="line-height:115%;font-size:13pt;"><font face="Calibri"><font color="#000000"><span><font size="4"> </font></span>On the field of company operation during the year 2018, he highlighted the increase realized in the volume of distributed petroleum products in comparison with the year 2017, where sales of various types of fuels have witnessed a 4.2% increase. Bunker fuel sales increased by 185.7%, whereas butane gas realized an increase of 12.7%. Quantities of fuel retail sales volume increased by 14%, whereas nonfuel retail sales have shown a 3.6% increase of revenues. This increase resulted from the opening of more new fuel stations operated by the company. WOQOD stake of retail market has accordingly increased to 70% in comparison with 58% for 2017.</font></font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;text-align:justify;line-height:115%;"><span style="line-height:115%;font-size:13pt;"><font color="#000000" face="Calibri">WOQOD is endeavoring to increase its stake in retail market to reach 85% by the end of the year 2020 after the opening of more new stations. WOQOD Vehicle Inspection Company “FAHES” realized a 56% improvement in comparison with the year 2017. Sales of bitumen and bituminous product have seen a slight decline of 5.9% in comparison with the year 2017, the decline has been driven by supply and demand factors.</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;text-align:justify;line-height:115%;"><span style="line-height:115%;font-size:13pt;"><font color="#000000" face="Calibri">The company has an ambitious plan to ensure sustainable increase of its stake of the market for distribution and transportation of petroleum products, gas, bitumen and bunker fuel. This would be achieved through the implementation and operation of various projects, and concluding the necessary contracts and agreements relevant to these activities with the support of quality control systems, modern technology systems, as well as the introduction of the highest health, safety and security systems together with environmental maintenance/ preservation measures. In line with the foregoing, in 2018 WOQOD has renewed Petroleum Products including Jet Fuel Sale and Purchase Agreements with Qatar Petroleum for an additional period of 5 years, as well as renewal of Vehicle Technical Inspection contract with the Ministry of Interior for the same period. Bunker Fuel (HFO) Sale and Purchase Agreement has been signed for a validity period of two years.</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;text-align:justify;line-height:115%;"><span style="line-height:115%;font-size:13pt;"><font face="Calibri"><font color="#000000">The steps for renewal of WOQOD concession for 5 years has advanced further after the endorsement of the Council of Ministers to the same.<font size="4"><span>  </span><span> </span></font></font></font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;text-align:justify;line-height:115%;"><font color="#000000"><span style="line-height:115%;font-size:13pt;"><font face="Calibri">Engineer Al-Muhannadi reviewed the steps taken by WOQOD in the field of Qatarization </font></span><span lang="AR-QA" style="line-height:115%;font-family:"arial",sans-serif;font-size:13pt;">‎</span><span style="line-height:115%;font-size:13pt;"><font face="Calibri">to which the company accorded paramount importance. He explained that the company has </font></span><span lang="AR-QA" style="line-height:115%;font-family:"arial",sans-serif;font-size:13pt;">‎</span><span style="line-height:115%;font-size:13pt;"><font face="Calibri">a strategic plan for recruiting and retaining capable and qualified Qatari employees and </font></span><span lang="AR-QA" style="line-height:115%;font-family:"arial",sans-serif;font-size:13pt;">‎</span><span style="line-height:115%;font-size:13pt;"><font face="Calibri">prepare them for joining the leadership team. A number of students are now pursuing </font></span><span lang="AR-QA" style="line-height:115%;font-family:"arial",sans-serif;font-size:13pt;">‎</span><span style="line-height:115%;font-size:13pt;"><font face="Calibri">their studies on scholarships funded by the company in specializations consonant with </font></span><span lang="AR-QA" style="line-height:115%;font-family:"arial",sans-serif;font-size:13pt;">‎</span><span style="line-height:115%;font-size:13pt;"><font face="Calibri">WOQOD business requirements. There are other Qatari employees undergoing training </font></span><span lang="AR-QA" style="line-height:115%;font-family:"arial",sans-serif;font-size:13pt;">‎</span><span style="line-height:115%;font-size:13pt;"><font face="Calibri">with the objective of recruiting them in different target positions. Qatarization amounted </font></span><span lang="AR-QA" style="line-height:115%;font-family:"arial",sans-serif;font-size:13pt;">‎</span><span style="line-height:115%;font-size:13pt;"><font face="Calibri">to 39% within the senior staff category, and the vast majority of the higher management </font></span><span lang="AR-QA" style="line-height:115%;font-family:"arial",sans-serif;font-size:13pt;">‎</span><span style="line-height:115%;font-size:13pt;"><font face="Calibri">team are from Qatari competencies.</font></span><span lang="AR-QA" style="line-height:115%;font-family:"arial",sans-serif;font-size:13pt;">‎</span></font></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;text-align:justify;line-height:115%;"><font color="#000000"><span style="line-height:115%;font-size:13pt;"><font face="Calibri">Emphasizing that, the company management and Board of Directors will exert all efforts to </font></span><span lang="AR-QA" style="line-height:115%;font-family:"arial",sans-serif;font-size:13pt;">‎</span><span style="line-height:115%;font-size:13pt;"><font face="Calibri">realize company strategic vision for provision the best services to the country, the citizens </font></span><span lang="AR-QA" style="line-height:115%;font-family:"arial",sans-serif;font-size:13pt;">‎</span><span style="line-height:115%;font-size:13pt;"><font face="Calibri">and the residents, Engineer Al-Muhannadi thanked all concerned parties for their unfailing </font></span><span lang="AR-QA" style="line-height:115%;font-family:"arial",sans-serif;font-size:13pt;">‎</span><span style="line-height:115%;font-size:13pt;"><font face="Calibri">support to WOQOD in furtherance of the realization of its objectives and the </font></span><span lang="AR-QA" style="line-height:115%;font-family:"arial",sans-serif;font-size:13pt;">‎</span><span style="line-height:115%;font-size:13pt;"><font face="Calibri">implementation of its vital projects.<span><font size="4">    </font></span></font></span><span lang="AR-QA" style="line-height:115%;font-family:"arial",sans-serif;font-size:13pt;">‎</span></font></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;text-align:justify;"><span style="line-height:107%;font-size:13pt;"><font color="#000000" face="Calibri"> </font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><font color="#000000" face="Times New Roman" size="3"> </font><p align="center" style="margin:12pt 0in 0pt;text-align:center;"><font color="#000000" face="Calibri" size="3"> </font></p><font color="#000000" face="Times New Roman" size="3"> </font>WOQOD Net Profit for 2018 Amounted to 1.160 Million Qatar Riyals2/25/2019 10:00:00 PM
وقود تدعم "برنامج خصومات المتقاعدين" بـ 64 ألف شريحة "وقودي<p>​تركيب 4 شرائح لكل متقاعد مجانا </p>وقود تدعم "برنامج خصومات المتقاعدين" بـ 64 ألف شريحة "وقودي2/19/2019 10:00:00 PM
Qatar Fuel Company Q.P.S.C. (WOQOD) The Extraordinary General Assembly Meeting<p>​</p><p>Kindly Click For: <a href="/EN/MediaCenter/News/Documents/03-03-2019%20%20%20%20WOQOD%20Extraordinay%20General%20Meeting%20Agenda.pdf"><span style="text-decoration:underline;"><font color="#0066cc">Agenda of Qatar Fuel Extraordinary General Meeting To Be Convened on 03 March 2019.</font></span></a></p><p>Kindly Click For: <a href="/EN/MediaCenter/News/Documents/Proxy%20form%20EGM%20-%202019.pdf"><span style="text-decoration:underline;"><font color="#0066cc">Proxy Form</font></span></a></p>Qatar Fuel Company Q.P.S.C. (WOQOD) The Extraordinary General Assembly Meeting 2/13/2019 10:00:00 PM
Board Of Directors Meeting 25th of February 2019<p>​Board Of Directors Meeting 25th of February 2019</p>Board Of Directors Meeting 25th of February 20192/10/2019 10:00:00 PM
Invitation To Attend The Extraordinary General Assembly Meeting<p>​Kindly Click For: <a href="/EN/MediaCenter/News/Documents/03-03-2019%20%20%20%20WOQOD%20Extraordinay%20General%20Meeting%20Agenda.pdf">Agenda of Qatar Fuel Extraordinary General Meeting To Be Convened on 03 March 2019.</a></p><p>Kindly Click For: <a href="/EN/MediaCenter/News/Documents/Proxy%20form%20EGM%20-%202019.pdf">Proxy Form</a></p><strong><font size="4"><strong><font size="4"> </font></strong></font></strong>Invitation To Attend The Extraordinary General Assembly Meeting1/28/2019 10:00:00 PM
The Central Municipal Council Honors Mr. Eng. Saad Rashid Al Mohannadi, CEO of Qatar Fuel (WOQOD) Company.<p>​<span style="color:#1f497d;font-family:"calibri",sans-serif;font-size:11pt;">The Central Municipal Council Honors Mr. Eng. Saad Rashid Al Mohannadi, CEO of Qatar Fuel (WOQOD) Company.</span></p>The Central Municipal Council Honors Mr. Eng. Saad Rashid Al Mohannadi, CEO of Qatar Fuel (WOQOD) Company.1/12/2019 10:00:00 PM
WOQOD Participates in Blood Donation Campaign<p>​WOQOD participates in blood donation campaign for its employees, in cooperation with HMC and Oryx-GTL,<br> As part of its social responsibility to promote the health and well-being of the community and to spread the spirit of initiative among individuals and institutions on Tuesday, 8th January, 2019, at its headquarters in WOQOD Tower Doha.</p>​WOQOD participates in blood donation campaign for its employees1/8/2019 10:00:00 PM

 All News

 

 

“WOQOD” Opens Petrol Station Onaiza and Mobile Station at Al Mearad area<p>​</p><font color="#000000" face="Times New Roman" size="3"> </font><font color="#000000" face="Times New Roman" size="3"> </font><font color="#000000" face="Times New Roman" size="3"> </font><p align="center" style="margin:0in 0in 0pt;text-align:center;line-height:115%;"><span style="text-decoration:underline;"><span style="line-height:115%;font-size:13.5pt;"><strong><font color="#000000" face="Calibri">“WOQOD” Opens Petrol Station Onaiza and </font></strong></span></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p align="center" style="margin:0in 0in 0pt;text-align:center;line-height:115%;"><span style="text-decoration:underline;"><span style="line-height:115%;font-size:13.5pt;"><strong><font color="#000000" face="Calibri">Mobile Station at Al Mearad area </font></strong></span></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:12pt 0in 0pt;line-height:115%;"><span style="line-height:115%;font-size:13.5pt;"><font color="#000000" face="Calibri">As part of WOQOD’s ongoing expansion plans to be able to serve every area in Qatar, Qatar Fuel “WOQOD” opened Two Petrol Stations, one fixed at Onaiza area and Mobile Station at Al Mearad area on Sunday 12 May 2019.</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:12pt 0in 0pt;line-height:115%;"><span style="line-height:115%;font-size:13.5pt;"><font color="#000000" face="Calibri">WOQOD’s CEO, Saad Rashid Al Muhannadi, said: We are pleased to re-open fixed petrol station in Onaiza after its renovation/expansion and open new Mobile Station in Al Mearad. WOQOD aspires to expand its petrol station network in the country to meet the rising demand for petroleum products and achieve the goal of providing customers with access to best-in-class products and services at their convenience and comfort. WOQOD has recently accelerated the process for the construction of new petrol stations to meet the fuel and energy needs of the country. WOQOD team would like to extend their gratitude to all concerned governmental and private entities that contributed to the completion of this project.”</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:12pt 0in 0pt;line-height:115%;"><span style="line-height:115%;font-size:13.5pt;"><font color="#000000" face="Calibri">Onaiza Petrol Station is spread after expansion over an area of 3900 square meters and has 4 lanes with 12 dispensers instead of 4 dispensers within two lanes prior expansion, which will serve Onaiza and its neighborhood. </font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:12pt 0in 0pt;line-height:115%;"><span style="line-height:115%;font-size:13.5pt;"><font color="#000000" face="Calibri">The Petrol Stations offer round-the-clock services to residents, and include Sidra convenience store, and sale of LPG cylinders, in addition to sale of gasoline and diesel products for light vehicles.</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:12pt 0in 0pt;line-height:115%;"><span style="line-height:115%;font-size:13.5pt;"><font color="#000000" face="Calibri">Further, he added that re-opening of Onaiza Petrol Station is included in WOQOD planning for operation of 30 new petrol stations on the current year 2019.</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:12pt 0in 0pt;line-height:115%;"><span style="line-height:115%;font-size:13.5pt;"><font face="Calibri"><font color="#000000">Al-Muhannadi concluded his announcement by saying that “As part of its strategic expansion plan, WOQOD is targeting the achievement of a total of 134 fuel stations by the end of 2020”.<span style=""><font size="4">                </font></span></font></font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:0in 0in 0pt;"><span lang="EN" style="font-size:13.5pt;"><font color="#000000" face="Calibri"> </font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:0in 0in 0pt;"><span style="font-size:13.5pt;"><font color="#000000" face="Calibri"> </font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p align="center" style="margin:12pt 0in 0pt;text-align:center;line-height:150%;"><span style="line-height:150%;font-size:13.5pt;"><font color="#000000" face="Calibri"> </font></span></p><font color="#000000" face="Times New Roman" size="3"> </font>As part of WOQOD’s ongoing expansion plans to be able to serve every area in Qatar, Qatar Fuel “WOQOD” opened Two Petrol Stations, one fixed at Onaiza5/18/2019 10:00:00 PM520
Qatar Petroleum partially amended its membership in Qatar Fuel (WOQOD) Board<p>​Qatar Petroleum partially amended its membership in Qatar Fuel (WOQOD) Board</p>​Qatar Petroleum partially amended its membership in Qatar Fuel (WOQOD) Board5/15/2019 10:00:00 PM519
“WOQOD” Opens New Petrol Station Wadi Aba Seleel<p>​</p><p style="text-align:center;"><span lang="EN" style="text-decoration:underline;"><strong> </strong></span></p><p style="text-align:center;"><strong>"</strong><span lang="EN" style="text-decoration:underline;"><strong>WOQOD" Opens New Petrol Station Wadi Aba Seleel </strong></span></p><p style="text-align:justify;"><strong>A</strong>s part of WOQOD's ongoing expansion plans to be able to serve every area in Qatar, Qatar Fuel "WOQOD" opened Wadi Aba Seleel Petrol Station on Wednesday 08 May 2019, and by this raised its network of various petrol stations to <strong>87</strong>.</p><p style="text-align:justify;">WOQOD's CEO, Saad Rashid Al Muhannadi, said: We are pleased to open new fixed petrol station in Wadi Aba Seleel. WOQOD aspires to expand its petrol station network in the country to meet the rising demand for petroleum products and achieve the goal of providing customers with access to best-in-class products and services at their convenience and comfort. WOQOD has recently accelerated the process for the construction of new petrol stations to meet the fuel and energy needs of the country. WOQOD team would like to extend their gratitude to all concerned governmental and private entities that contributed to the completion of this project."</p><p style="text-align:justify;">Wadi Aba Seleel Petrol Station is spread over an area of 9600 square meters and has 3 lanes with 6 dispensers and separated lane with 2 diesel dispensers for Truck that will serve Wadi Aba Seleel and its neighborhood. </p><p style="text-align:justify;">The new Petrol Stations offer round-the-clock services to residents, and include Sidra convenience store, Manual Car Wash, Oil Change and Tire Repair, and sale of LPG cylinders, in addition to sale of gasoline and diesel products for light vehicles.</p><p style="text-align:justify;">Further, he added that WOQOD is currently overseeing the implementation of 30 new petrol stations, which will be operational on the current year 2019.</p><p style="text-align:justify;">Al-Muhannadi concluded his announcement by saying that "As part of its strategic expansion plan, WOQOD is targeting the achievement of a total of 134 fuel stations by the end of 2020".                </p><p style="text-align:justify;"> </p><p style="text-align:justify;">Doha, 08 May 2019</p>“WOQOD” Opens New Petrol Station Wadi Aba Seleel5/8/2019 10:00:00 PM518
Ramadan Mubarak<p>​Ramadan Mubarak.</p>Ramadan Mubarak5/4/2019 10:00:00 PM517
WOQOD Board of Directors held its third meeting for the year 2019<p>​</p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:0in 0in 0pt;"><span style="line-height:150%;font-size:16pt;"><strong><span style="text-decoration:underline;"><font color="#000000" face="Calibri">Woqod Board of Directorate held its third meeting for the year 2019</font></span></strong></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;line-height:115%;"><span style="line-height:115%;font-size:13pt;"><font color="#000000" face="Calibri">Eng. Saad Rashid Al-Muhannadi WOQOD Chief Executive Officer has announced that WOQOD Board of Directors held its third meeting for the year 2019 at 1:30 pm. on Sunday, 28/04/2019 at WOQOD Tower West Bay, presided over by Mr. Ahmed Saif Al Sulaiti Chairman of the Board. The Board discussed and approved the unaudited financial statements and the operational activities results of the Company during the first quarter of 2019 ending 31/03/2019.</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;"><font color="#000000" face="Calibri" size="4">Eng. Al-Muhannadi stated that the net profit of the company at the end of the first quarter of 2019 attributable to WOQOD shareholders amounted to QR 327 million compared to QR 301 million for the same period in 2018, with an increase of QR 26 million representing 9% increase rate. He went on further to explain that the increase in profits is attributable to the efforts exerted to enhance efficiency in the business activities and operations of the company, as well as the concomitant efforts to reduce expenses.</font></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;text-align:justify;line-height:115%;"><span style="line-height:115%;font-size:13pt;"><font color="#000000" face="Calibri">He added that the operational expenses were reduced by 8% during the first quarter of 2019 compared to the corresponding period in 2018.</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;text-align:justify;line-height:115%;"><span style="line-height:115%;font-size:13pt;"><font color="#000000" face="Calibri">With regard to earning per share, Eng. Al-Muhannadi said that it had reached QR 3.29 by the end of first quarter 2019 compared to QR 3.03 for the first quarter of 2018.</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;line-height:115%;"><span style="line-height:115%;font-size:13pt;"><font color="#000000" face="Calibri">Concerning the company's projects, Eng. Al-Muhannadi explained that the WOQOD plan for 2019 aims to build and operate 30 more petrol stations, and therefore the number of stations by the end of this year will be 114 stations, and by then WOQOD will be more than doubling the number of its operating, which were 52 stations in 2017, in two years only. He added further that WOQOD plans to build another 50 petrol stations during the period from 2020 to 2023, and thus number of the stations owned by the company will be about 164 stations.</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;"><font color="#000000" face="Calibri" size="4">With regard to the company's operations, Al-Muhannadi explained that the company achieved 3% growth in total fuel sales, where sales of Jet A1 which increased by 9%, Bitumen by 17%, LPG by 4%, Natural Gas by 62% and Heavy Fuel Oil by 44%. The retail sales of petroleum products increased by 30% while non-oil retail sales, including Sidra stores sales, grew by 13%.</font></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;text-align:justify;line-height:115%;"><span style="line-height:115%;font-size:13pt;"><font color="#000000" face="Calibri">In conclusion, Eng. Al-Muhannadi acknowledges that the management of the company and its Board of Directors will exert every effort to support building a robust and sustainable downstream Oil and Gas distribution Sector within the State of Qatar through the utilization and implementation of latest international standards in furtherance of public policy objectives in modernizing general services infrastructure and utilities, and providing the best services to the State of Qatar, its citizens and residents while achieving the best results for its shareholders.</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;text-align:justify;line-height:115%;"><span style="line-height:115%;font-size:9pt;"><font color="#000000" face="Calibri"> </font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p align="center" style="margin:6pt 0in 0pt;text-align:center;line-height:115%;"><span style="line-height:115%;font-size:14pt;"><font color="#000000" face="Calibri"> </font></span></p><font color="#000000" face="Times New Roman" size="3"> </font>Eng. Saad Rashid Al-Muhannadi WOQOD Chief Executive Officer has announced that WOQOD Board of Directors held its third meeting for the year 2019 at 1:4/27/2019 10:00:00 PM516
Board Of Directors Meeting on 28th April 2019<p>​Board Of Directors Meeting on 28th April 2019</p>Board Of Directors Meeting on 28th April 20194/24/2019 10:00:00 PM515
Dividends Distribution For Qatar Fuel Company Q.P.S.C. ("WOQOD") For 2018 And previous Years.<p>​Dividends Distribution For Qatar Fuel Company Q.P.S.C. ("WOQOD") For 2018 And previous Years.</p>Dividends Distribution For Qatar Fuel Company Q.P.S.C. ("WOQOD") For 2018 And previous Years.3/26/2019 10:00:00 PM513
تقرير الحوكمة لقطر للوقود وقود عن عام 2018 <p></p><a href="/EN/MediaCenter/News/Documents/الحوكمة.pdf">يرجى الضغط لتنزيل تقرير الحوكمة لقطر للوقود وقود عن عام 2018 </a> تقرير الحوكمة لقطر للوقود وقود عن عام 2018 3/26/2019 10:00:00 PM514
AGM and EGM - CEO Message 25th March 2019<p>​</p><p style="text-align:center;"><span style="text-decoration:underline;"><strong>CEO Message</strong></span></p><p style="text-align:justify;"><strong> </strong></p><p style="text-align:justify;"><strong> </strong></p><p style="text-align:justify;"><strong>Our honored Shareholders,</strong></p><p style="text-align:justify;">I am pleased to present to you major achievements of WOQOD Group for the financial year 2018, along with plans and projects for the coming period. The year 2018 was another distinguished year in WOQOD's continuous and persistent progress to make positive transformation where almost all the company performance indicators achieved excellent results as detailed in the Annual Report.    </p><p style="text-align:justify;">I would like to summarize the key achievement indicators for the aforesaid year;</p><p style="text-align:justify;">As regards the financial performance and as highlighted by the Chairman, the company has achieved a significant development, where net income attributable to WOQOD shareholders amounted to QAR 1,160 Million as compared to QAR 964 Million for the year 2017, a 20% increase. This resulted in a corresponding increase of 20% in the earing per share (EPS) as compared to the year 2017.</p><p style="text-align:justify;">These positive results are largely attributable to the policies adopted by the company during the last two years towards the enhancement of capability and efficiency and cost optimization in the operations of the company.</p><p style="text-align:justify;">With respect to fuel stations, WOQOD opened 32 new stations in the year 2018. This is equivalent to 62% of the number of stations opened since the establishment of WOQOD in 2002. It is worth noting that in addition to the considerable expansion of fuel stations, WOQOD enhanced the capability and efficiency of the stations, through increasing the number of dispensers in the stations by 61%. This contributed to achieving considerable saving of time and effort for our honored customers.</p><p style="text-align:justify;">In 2019, WOQOD will complete the construction and operation of 30 new fuel stations in different areas of the state of Qatar. The construction contracts for these stations have already been signed. WOQOD will thus be doubling the number of fuel stations, owned by the company until 2017, in only 2 years. this shows our commitment to our customers and will certainly have a positive impact in the provision of services.</p><p style="text-align:justify;">Due to the expansion of fuel stations and dispensers as aforesaid, WOQOD's share of fuel retail market has increased to 70%. This has also been associated and supported by a simultaneous a development in Sidra stores sales and other related services in fuel stations. </p><p style="text-align:justify;">With regards to the Bitumen Facilities Expansion Project, the Bitumen tanks providing 15,000 M.T. of storage capacity have already been completed. This expansion will allow WOQOD to retain its market share and deliver the products to customers in a timely manner and for a competitive prices, and will also contribute to the optimization of cost of storage services on board vessels. The remaining parts of the project will be finalized by the coming April 2019.</p><p style="text-align:justify;">With regard to vehicle technical inspection services (FAHES), the company continued its endeavors and completed 3 new inspection centers in 2018, thereby increasing the total number of centers in operation to 12 including mobile stations. This will facilitate our services to our respected customers. It is to be noted that, there is a center currently under construction that will be opened in this year 2019, and another in the design phase.</p><p style="text-align:justify;"> </p><p style="text-align:justify;">The company has concluded a number of contracts and agreements to ensure the sustainability of its business activities. The details are as follows:-</p><ul style="list-style-type:disc;"><li>With regard to fuel supply agreements, Regulated Products Sale & Purchase Agreement and Jet Fuel (Jet A-1) Sale & Purchase Agreement with Qatar Petroleum have both been renewed for a further period of 5 years. HFO Sale & Purchase Agreement with Qatar Petroleum has also been renewed for 2 years. It is worth nothing that petroleum products contracts account for more than 80% of the company's revenues. Similarly, Arrangements are underway for renewing Butane Gas (LPG) Sale & Purchase Agreement.</li><li>License granted to WOQOD Vehicle Inspection Company (FAHES) by Ministry of Interior has been renewed for a further period of 5 years.</li><li>The steps for renewal of WOQOD concession for 5 years have advanced further after the ‎endorsement of the Council of Ministers.‎<br><br>All indicators for Petroleum products sales have registered varying levels of increase in comparison with the year 2017, with the exception of bitumen and bituminous products which registered a slight decrease driven by supply and demand factors.<br><br>Similarly, WOQOD subsidiaries revealed positive indicators, WOQOD vehicle Inspection Company (FAHES) revenue amounted to QAR 107 Million with 37% increase as compared to QAR 78 Million in 2017. WOQOD Marine Service revenue amounted to QAR 75 Million as compared to QAR 80 Million Qatari Riyals for the year 2017, whereas QJet revenue amounted to QAR 9.9 Billion as compared to QAR 6.8 Billion in 2017.‎<br><br>And last but not the least, I would like to convey my profound thanks and appreciation to Mr. Ahmed Saif Al-Sulaiti, Chairman of the Board of Directors and the respected board members for their prudent guidance and continuous support to the company.<br><br>Our thanks are also due to all government authorities, public and private institutions and to our honored shareholders and to WOQOD employees for their significant efforts in serving and developing the company.<br><br>We promise to exert more efforts and deliver our best to achieve the company's objectives in future.<br><br>Thank you.<br><br> <br><br><strong>Saad Rashid Al-Muhannadi</strong><br><br><strong>Chief Executive Officer</strong></li></ul>AGM - CEO Message 25th March 20193/25/2019 10:00:00 PM512
WOQOD Annual Report 2018<p><a href="/EN/MediaCenter/News/Documents/WOQOD%20ANNUAL%20REPORT%202018%20COMBINE%2020190324.pdf">Kindly click the link to download the annual report. ​</a></p>WOQOD Annual Report 20183/23/2019 10:00:00 PM511
Invitation to attend the Annual General Assembly & Extraordinary General Assembly Meetings.<p>​<a href="/EN/MediaCenter/News/Documents/Proxy%20form%20-%202019%20(MM)%20.pdf">Kindly Click to download the Proxy Form.</a></p>Invitation to attend the Annual General Assembly & Extraordinary General Assembly Meetings 11/3/20193/10/2019 10:00:00 PM510
The Extraordinary General Meeting of Qatar Fuel (WOQOD) has been postponed to 25/03/2019<p>​</p><font color="#000000" face="Times New Roman" size="3"> <span style="line-height:107%;font-size:16pt;"><font color="#000000" face="Calibri">The Extraordinary General Meeting of Qatar Fuel (WOQOD) has been postponed to 25/03/2019, as the attendance percentage was not achieved.</font></span></font><font color="#000000" face="Times New Roman" size="3"> </font>The Extraordinary General Meeting of Qatar Fuel (WOQOD) has been postponed to 25/03/2019, as the attendance percentage was not achieved.3/2/2019 10:00:00 PM509

 

x
Refine