“Woqod” Signs
New Jet Fuel Sale & Purchase Agreement With Qatar Petroleum
December 30, 2018
Engineer Saad Rashid
Al-Muhannadi WOQOD Chief Executive Officer announced that
the Jet Fuel Product Sale & Purchase
Agreement has been signed between Qatar Petroleum (QP) and Qatar
Fuel (WOQOD) incorporating the contracting terms and conditions
including the product pricing mechanism for all stakeholders.
Engineer Al-Muhannadi
pointed out that this mechanism has been determined following a
specialized study conducted by Qatar Petroleum. Upon the results
of the study and pursuant to the powers given to QP to the
determine the prices of petroleum products, Qatar Petroleum
underline of the pricing mechanism for jet A-1 fuel specifying
the appropriate margins for the various stakeholders.
Engineer Al-Muhannadi went
on to say that, WOQOD, on its part, will sign appropriate
contracts with the different stakeholders for regularizing and
managing the operations for the sale and purchase of jet fuel
product through jet fuel facilities located at Hamad
International Air Port. Those contracts will be effective as of
January 1st 2019.
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