WOQOD Extends Petroleum Products Sale & Purchase Agreement with QatarEnergy

Qatar Fuel Company (hereinafter referred to as “WOQOD” ?or “WOQOD Group” or “the Group”, with the code name “QFLS” on Qatar Stock Exchange, a company with an exclusive concession in the State of Qatar to distribute, sell, transport and market Refined Petroleum Products & Gas within State of Qatar) announced it has signed Agreements with QatarEnergy to extend the current Agreement for the Sale & Purchase of Petroleum Products, namely Jet A-1, Refined Products, and LPG, for a further period of five years expiring on 30/09/2028.

WOQOD’s Managing Director and CEO, Saad Rashid Al-Muhannadi expressed his profound thanks and appreciation for the great confidence in WOQOD by QatarEnergy and the State of Qatar, and for the continuous support to WOQOD in its efforts to distribute petroleum products in the State of Qatar.

He went on to emphasize WOQOD’s persistent efforts in providing its services according to the highest standards, using modern distribution system comprising stations and distribution and transport networks. WOQOD will ensure implementation of the best security, safety, health, and environment standards.

In conclusion, Al-Muhannadi indicated that these agreements will enhance the benefits of its valued shareholders and stakeholders while ensuring development and strengthening WOQOD’s distribution network.