VOL. XLVI

No 19

12-May-2003

QATAR

Amiri Decree Establishes Joint Stock Gas/Fuel Distribution Company

A decree issued by Qatars Amir, Shaikh Hamad bin Khalifa Al Thani, on 28 April formally established the Qatar Fuel Company (Woqod) in which 60% of shares are being offered to individuals and institutions and 40% are held by state-owned Qatar Petroleum (QP). Plans to set up the company, capitalized at $41mn, were first announced in March last year (MEES, 25 March). The Amiri decree stipulates that...