Woqod Renews Petroleum Products Sale &
Purchase Agreement with Qatar Petroleum
October 21, 2018
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 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.
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