VOL. XLV

No 12

25-March-2002

QATAR

Fuel Distribution Company Formed

OilMinister 'Abd Allah al-'Attiyahon 13 March announced the establishment of Qatar Fuel Company (QFC or Wuqood the Arabic word for fuel), with 60% of the sharesin the $41mn company offered to individuals and institution and the remaining40% held by state-owned Qatar Petroleum (QP). Shares will be limited to 100,000per shareholder. QFC will have a 15-year monopoly over the marketing, sale,transportation and distribution of...