Mubasher: Qatar Fuel (Woqod) on Sunday announced that it has signed a Jet Fuel product sale and purchase agreement with Qatar Petroleum (QP).
The deal includes the product pricing mechanism for all stakeholders, which has been determined following a specialised study conducted by QP, Woqod said in a filing to the Qatar Stock Exchange (QSE).
“Upon the results of the study and pursuant to the powers given to QP to the determine the prices of petroleum products, Qatar Petroleum underline[s] the pricing mechanism for jet A-1 fuel specifying the appropriate margins for the various stakeholders,” the statement highlighted.
Moreover, Woqod targets signing several contracts with different stakeholders to regularise and manage the for-sale-and-purchase operations for the jet fuel product through jet fuel facilities located at Hamad International Air Port.
These contracts will come into force in January 2019.
By the end of Thursday’s session, Woqod’s stock inched up 0.04% at QAR 163.80.
