Qatar: WOQOD to buy two cargo vessels

one for bitumen transport and the other for heavy fuel oils before the month-end

 

The bitumen ship will have a 4,000 tons capacity while the heavy fuel oil vessel 34,000 tons. With these Woqod will have a marine fleet strength of five.

The company’s board of directors presided over by HE the Deputy Premier Abdullah bin Hamad al-Attiyah decided to establish a marine services company to cater exclusively to the requirements of WOQOD’s vessels.

WOQOD, Qatar’s sole fuel transporter and distributor, is on track to establish some 50 state-of-the-art petrol stations in Qatar by 2012.

WOQODs first LPG plant is expected to be ready at Doha’s New Industrial Area by 2008-end. The plant will cost in excess of QR120mn. Currently, two types of LPG cylinders – 12kg and 48kg are being marketed in Qatar. WOQOD is also in the process of reconditioning 12kg cylinders now used by households. Repainting of 12kg cylinders with WOQOD logo is being done.

WOQOD (Qatar Fuel) has the exclusive rights to market all petroleum products including liquefied petroleum gas (LPG). On establishment in 2002, it was given a 15-year monopoly over marketing, transportation and distribution of LPG and petroleum products in Qatar. WOQOD has completely taken over QP’s fuel distribution arm – the now defunct Nodco. WOQOD, in which QP holds a 40% stake, is the first public limited company in Qatar’s hydrocarbon industry.

 

Source:RamblerNews