WOQOD to invest $166 million in middle east fuel retailing network

Qatar Fuel, also known as Wodoq, has announced an investment of over $166 million to develop more sites and fuelling facilities, reports Reuters.

Wodoq, the largest fuel retailer in Qatar, has announced a capital expenditure of QR605 million during 2017 to build or acquire more gas stations and other related facilities.

The decision was taken last week by the Board of Directors of Woqod at its sixth Ordinary Meeting, which was presided over by the company’s Chairman, Sheikh Saoud bin Abdulrahman Al Thani. The meeting was held to discuss the 2017 Budget.

Wodoq will focus on accelerating the commissioning of new stations, other projects and introducing new products and services.