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Woqod Board to Reconvene on April 29

Qatar Fuel (Woqod)

Qatar Fuel (Woqod)

Qatar Fuel (Woqod) will reconvene here on April 29 to discuss and approve the company’s financial results for the first quarter of 2014, the company said in a statement. The company’s board of directors held a meeting, chaired by HE Sheikh Saoud Bin Abdulrahman Al-Thani, here Monday afternoon.

Woqod Chief Executive Officer Engineer Ibrahim Jaham Al Kuwari said, “The board decided to postpone the discussion and approval of financial results for the first quarter to April 29.” The board has approved the implementation of Woqod’s projects, he said, and added, “the company is currently involved in implementing more than 35 projects, 14 of which are on-going while the other are in design, tendering and approval stages.”

Woqod’s total volume sales of petroleum products – diesel, gasoline and jet fuel – reached 1,640 million litters this year, an increase by 9.5% compared to the same period last year.

Source : Qatar News Agency

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