WOQOD Allocates QR 605 million for Expenditure on Capital Projects in 2017

Doha, WOQOD’s Board of Directors discussed the estimated budget for 2017 which includes Capital Expenditure (CAPEX) and Operating Expenditure (OPEX) and approved it. Expenditure on capital projects has been estimated at QR 605 million for the coming fi…

Doha, WOQOD's Board of Directors discussed the estimated budget for 2017 which includes Capital Expenditure (CAPEX) and Operating Expenditure (OPEX) and approved it.

Expenditure on capital projects has been estimated at QR 605 million for the coming financial year 2017, the Company said in a press release on Thursday.

WOQOD's Board of Directors chaired by HE Sheikh Saoud Bin Abdulrahman Al-Thani, the Chairman, held its sixth ordinary meeting on Thursday 15 at to discuss the 2017 Budget.

WOQOD's CEO , Engineer Ibrahim Jaham Al Kuwari said that the Board of Directors discussed the estimated budget for 2017 which includes Capital Expenditure (CAPEX) and Operating Expenditure (OPEX) and approved it Al Kuwari said that the Board of Directors discussed other issues related to "Delegation of Authority Manual", " Risk Register and Mitigation" and gave its directives in this regard.

During this year, WOQOD will focus on accelerating the process of commissioning new petrol stations, other projects and introducing new products and services, which contribute to additional income sources for the Company.

Source: Qatar News Agency