"WOQOD" Signs New Petroleum Products Sale & Purchase Agreement

with Qatar Petroleum

Engineer Saad Rashid Al-Muhannadi WOQOD Chief Executive Officer Stated that the Petroleum Products Sale & Purchase Agreement between Qatar Petroleum and WOQOD has been extended for a further period of five (5) years expiring on 30/09/2023, A new agreement has been recently executed embodying the terms, conditions and arrangements reached by the parties in this regard.

Engineer Al-Muhannadi pointed out that WOQOD is undertaking the sale purchase, marketing, distribution and transportation of petroleum products within the local market pursuant to a concession granted by the Government of the State of Qatar since the year 2003. The extension of the agreement has been effected to enable WOQOD further carry out the scope of work entrusted to it.

Engineer Al-Muhannadi expressed his profound thanks and appreciation for the great confidence reposed on WOQOD by the state of Qatar and Qatar Petroleum, and for the continuous unfailing support they are providing to WOQOD in furtherance of WOQOD undertaking the distribution of petroleum products and gas along with related services.

He went on to emphasize that, such confidence and support would certainly prompt WOQOD to exert more efforts and persistent work in furtherance of the provision of its services according to the highest specifications and modern techniques, through the establishment of a modern distribution sector comprising stations, distribution and transport network and integrated infrastructure facilities covering and supplying the increasing sustainable requirement of the state land, air and marine facilities, of petroleum products.

The supply will be conducted in line with the highest security, safety, health and environment, and thus support our beloved country's comprehensive development endeavors.

Finally Engineer Al-Muhannadi said that WOQOD will fully liaise and cooperate with Qatar Petroleum to ensure consistent provision of the requirements of the state and the local market of petroleum products, and other accompanying services, in accordance with the set policies, plans and programs, in furtherance of the public interest, as well as the interest of the company and its shareholders.

Doha, 18 October 2018