DOHA: Qatar Fuel’s (Woqod) Board of Directors yesterday discussed its estimated budget for the coming fiscal.
The meeting was chaired by Woqod’s chairman Sheikh Saoud bin Abdulrahman Al Thani (pictured).
CEO Ibrahim Jaham Al Kuwari said that the Board of Directors discussed the projected budget for 2015 which includes Capital Expenditure (Capex) and Operating Expenditure (Opex) and approved it.
Expenditure on Capex and OPEX have been estimated at approximately QR 1.75bn for the coming fiscal year.
During this year, Woqod will focus on accelerating the process of commissioning 8-12 new petrol stations, 4-6 expansions, 4 new Fahes Centers ,4 new Sidra C-Stores, Bitumen facilities and Gas operations.
The Peninsula
