Qatar Fuel, or “WOQOD”, is a downstream oil storage, distribution, and marketing company, formed in 2002 as a joint stock company listed on the Qatar Exchange. The company was formed from the fuel storage and distribution assets owned at the time by Qatar Petroleum under the name of NODCO (National Oil Distribution Company). Qatar Fuel (WOQOD) is exclusively responsible for the distribution of fuel needs within Qatar. Qatar Fuel (WOQOD) is exclusively responsible for the distribution of fuel needs within Qatar. This includes diesel and gasoline for vehicles, boats and industry and aviation fuel for Doha International Airport; all to be served through a fleet of more than 350 road-tankers. The company also trades in bunker fuels, ship-to- ship bunkering within Qatari waters, bitumen importation and distribution, for building new roads, LPG for cooking, and own-branded-lubricants. In addition, it builds modern branded service stations across Qatar.
Basic Information
Key Executives
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Chairperson
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Vice Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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40%
Subsidiaries
Polaris Marine Services J.J C. (Oman)
1000%
Ard Al Khalccj Real Estate W.L.L.
100%
Galaxy Marine Services Limited (Liberia)
100%
Company Performance
Financial values in the chart are available after Qatar Fuel Company Q.P.S.C. report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency QAR. Absolute financial data is included in the purchased report.
Net sales revenue
-38.96%▼
Total operating revenue
-38.38%▼
Operating profit (EBIT)
-50.89%▼
Net Profit (Loss) for the Period
-50.89%▼
Operating Profit Margin (ROS)
-1.06%▼
Net Profit Margin
-1.06%▼
Return on Equity (ROE)
-5.44%▼
Debt to Equity Ratio
0.35%▲