About

Qatar Fuel Company Q.P.S.C., d/b/a WOQOD, is a Qatari oil and gas company focused on the distribution and sale of refined petroleum products supplied by Qatar Petroleum. It is the only fuel retailer in Qatar and is publicly listed on the Qatar Stock Exchange.

History

Qatar Fuel was formally created by virtue of Emiri decree no. 5 issued on 10 February 2002. Its assets were transferred from Qatar Petroleum's subsidiary National Oil Distribution Company (NODCO), which managed a refined petroleum product supply depot in Abu Hamour. In 2009, Qatar Fuel established a liquefied petroleum gas plant in Doha's Industrial Area. During an Extraordinary General Assembly held in June 2018, the company made the decision to increase non-Qatari ownership to 49% in order to attract investments. A budget of QR 634 million was allocated for 2018 to be earmarked for the construction of new filling stations and the development of currently existing ones. According to company officials, plans are in place to install 88 filling stations by the end of 2018 with a total of 100 by 2020.