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FINANCIAL NEWS
Qatar’s Woqod approves USD480.53m budget for 2015
22 Dec 2014
(MENAFN) Qatar Fuel’s (Woqod) announced that that the company’s board of directors has given their approval on the proposed budget for 2015, The Peninsula Qatar reported.
Woqood said that its Board of Directors discussed the projected budget for 2015 which includes Capital Expenditure (Capex) and Operating Expenditure (Opex) and approved it, with expenditure on Capex and OPEX being estimated to be approximately USD480.53 million for the coming fiscal year.
Woqqod also said that during the coming fiscal year, it will focus on accelerating the process of commissioning 8 to12 new petrol stations, 4-6 expansions, 4 new Maintenance Centers, as well as a number of facilities and Gas operations.
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