The Board of Directors of WOQOD recently held its 6th Meeting of the Year for 2017 to review and approve the company’s annual budget for 2018. The meeting was led by its Chair, Ahmad Saif Al Sulaiti.
The budget included the anticipated key performance indicators for WOQOD Group in relation to the distribution and marketing of petroleum products and gas, as well as its other activities in 2018.
Engineer Saad Rashid Al Muhannadi, Qatar Fuel Chief Executive Officer, pointed out that the capital expenditure budget allocated QAR816 million for new projects. The company owns and operates 58 petrol stations currently, with one more station opening by the end of this year.
WOQOD plans to complete and operate 15 additional stations in 2018, along with another 15 mobile stations, to eliminate traffic congestions at existing stations. Tenders for construction of the 18 petrol stations will be awarded during the first quarter of year 2018. The company plans to have up to 122 stations in place by 2022.
Vehicle Technical Inspection Centres, which now numbers to six, will have an additional two centres in Al Shahaniya and Al Mazrooua in the first quarter of 2018.
WOQOD’s proposed budget included the purchase of two new ships in support of the operation of its subsidiary WOQOD Marine Services. The company is determined to effectively participate in petroleum products distribution, storage and marketing infrastructure projects in collaboration with other concerned parties. The budget also includes expenditure items for maintenance, asset integrity, health, safety and environment.
For more information about WOQOD, visit their website at woqod.com.