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Mon, 09 Nov 2009 | 18:50 GMT

Qatar Fuel Company   (QFLS.DSM)
Also known as: Woqod
Last Trade
165.80 QAR
+ 0.36%
 
 
 
 
 
 
 
 
 
 
 
 
 
Company Updated: Apr 09, 2009
 
Joint Stock
 
 
Marketing, distribution and transportation of liquefied petroleum gas and petroleum products including gasoline, lubricants, liquefied petroleum gas and natural gas; bunkering services; supply of gas to households; operator of natural gas pipelines.
2002 (February)
60 Company, 880 Headquarters (As of Apr 02, 2009)
6 bunker fuel ships
Woqod
Castrol
In June 2009: Qatar Technical Inspection Company [QTIC] merged with Qatar Fuel Company. Qatar Fuel Company established Woqod for Vehicles Inspection [FAHES]" to take over the activities of QTIC.
Qatar (3)
 
 
9 gas stations across Qatar
 
 
 
 
QFLS 
Ordinary 
QAR 
 
 Key Officers
HE Abdullah Bin Hamad Al Attiya
Chairman
Mohammed Khalifa Turki Al Sobai
Vice Chairman and Managing Director
 
 Contact Details
Address:
Qatar Industrial Development Bank Building
3rd and 4th Floor
Grand Hamad Street
Industrial Development Area
P.O. Box 7777
Doha
Qatar
 
+974 430-8888
 
+974 443-5222
 
info@woqod.com.qa
 
www.woqod.com.qa

 
  Latest Headline
Woqod to introduce LPG tanks for households soon - The Peninsula
 
  Privatization Details
Subscription
Period:
11Mar02 to 15Apr02
Size of Offering:
$24.72M
Equity Offering:
80.20%
Lead
Managers:
Qatar National Bank
 

  Business Overview
The Qatar Fuel Company (Woqod) supplies refined petroleum products throughout Qatar. It operates nine service stations as of June 2008, which include gasoline and diesel brands. Woqod services include jet fuel distribution, ship-to-ship bunkering, bitumen import storage and distribution, as well as lubricant distribution.

Woqod’s commercial fuel products include Premium Gasoline 90 Octane, Super Gasoline 97 Octane and Diesel. The company introduced a new motor oil, Ghaf, in 2008 and plans to create engine oils, Ghaf Euro, for European vehicles in the Middle Eastern market and Qorm, diesel engine oil. Woqod became the authorized agent in Qatar for Castrol Lubricants.

Qatar PetroleumQatar PetroleumLoading... owns 40% of Woqod, a downstream company, which has the only concession to market, supply and store all petroleum products in Qatar.

Through its subsidiary, Qatar Jet FuelQatar Jet FuelLoading..., Woqod provides fuel to service stations, major infrastructure projects such as the new Doha International AirportDoha International AirportLoading..., as well as wholesalers and contractors.

The company plans to expand its bunkering activities to serve the maritime industry. It has built a bunker storage facility in the Ras Laffan Industrial Park, with an annual capacity of 4 million metric tons of bunker fuel.

Woqod, which is listed on the Doha Stock ExchangeDoha Stock ExchangeLoading..., increased its 2007 net profits by 43.10% to QAR 616 million (USD169 million).
 
 
 Major Shareholders
This Requires Subscription
 Available to subscribers only. Information in this section includes Shareholder Names and their corresponding Holding Percentages. » More Details
 
  Organization Structure and Related Entities 
Subsidiaries/Associates/Affiliates
 
Name  Country  Holding
Qatar Jet Fuel Company Qatar 60.00%
Raha Auto Assistance Qatar 60.00%
Woqod for Vehicles Inspection [FAHES] Qatar 100.00%
Investments
 
Name  Country  Holding
Qatar Gas Transport Company Qatar 1.00%
 
 
  Representatives
Auditors
 
Rodel and Partners
 
Banks
The Commercial Bank of Qatar
Qatar National Bank
 
 Summary Financials
This Requires Subscription
 Available to subscribers only. Information in this section includes key financials data such as Total Revenues, Net Profits, Totals Assets, Shareholder Equity, etc. » More Details
 
Company information provided by © 2009 ABQ Zawya Ltd.
 
 
    
 
 
 
 
 

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