Higher oil prices are expected to buoy shares in Qatar Fuel, a distributor and retailer, as it expands its petrol station network and work on cross-country pipelines goes ahead.
The company, also known as Woqod, yesterday reported an 8.9 per cent rise in net profit in this year's first quarter compared with the same period last year, and announced plans to build an additional 12 petrol stations in Qatar. Woqod currently has nine petrol stations around the country.
Woqod also said it would build pipelines to transport oil products from a refinery in southern Qatar to the capital, Doha, and the new airport.
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