WOQOD Board Approves 2015 Budget

Doha, December 21 (QNA) - Qatar Fuel (WOQOD) Board of Directors, chaired by the Chairman HE Sheikh Saoud bin Abdulrahman Al-Thani, held its ordinary meeting on Sunday to discuss the 2015 Budget, said the company in a press release today. WOQODs CEO ,Engineer 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 1,757 million for the coming financial year 2015. During this year, WOQOD will focus on accelerating the process of commissioning 8-12 new petrol stations, 4-6 expansions, 4 new vehicle inspection (Fahes) Centers ,4 new Sidra C-Stores, Bitumen facilities and Gas operations. Al-Kuwari said that the Board of Directors discussed other related issues and gave its directives. (QNA)