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Mobil Oil wins 5-year contract to supply fuel to KiwiRail

Mobil Oil wins 5-year contract to supply up to $495M of bulk fuel to KiwiRail

Nov. 7 (BusinessDesk) – Mobil Oil New Zealand has won a five-year contract to supply bulk fuel to state-owned KiwiRail.

Under the arrangement it is expected to supply between $435 million and $495 million of diesel and associated services over the five-year period, the Wellington-based railroad said in a statement. Actual fuel supplied will depend on volumes used and fuel price movements, it said.

The contract can be extended for another five years.

(BusinessDesk)

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