Qatar Fuel (WOQOD) has announced to make huge investment this year as part of expanding its operations in Qatar.
The main distributor of retail petroleum products in the country is set to spend QR634m in developing new projects, with special focus in opening more fuel stations across the country, said a top official of the company yesterday.
“We have almost 30 petrol stations that we are currently building across the country. And those are not just plans, but signed contracts and commitments between WOQOD and a third party.
We are investing QR634m for the expansion of the operations of the company within 2018,” Chief Executive Officer, Saad Rashid Al Muhannadi told The Peninsula on the sidelines of the company’s AGM
The company has already opened two new petrol stations within the first quarter of this year. The latest one was inaugurated last week in Salata Jadeed (New Salata), and with that increasing its network of various petrol stations to 60, as part of the company’s ongoing expansion plans to be able to serve every area in Qatar.
WOQOD has announced a target of building 120 petrol stations by 2020.