The new agreement between Woqod and QP will be for a five-year period until September 30, 2023
Woqod’s petroleum products sale and purchase agreement with Qatar Petroleum has been extended for another five years until September 30, 2023, company’s chief executive officer Saad Rashid al-Muhannadi said on Thursday.
Al-Muhannadi said Woqod was undertaking the sale purchase, marketing, distribution and transportation of petroleum products in the local market pursuant to a concession granted by the Government since 2003.
The extension of the agreement has been effected to enable Woqod further carry out the scope of work entrusted with it.
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 its undertaking the distribution of petroleum products and gas along with related services.”
He emphasised 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. This will be done 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 endeavours,” al-Muhannadi said.
He said Woqod would “fully liaise and co-operate 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 programmes, in furtherance of the public interest, as well as the interest of the company and its shareholders.”
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