Mobil wins five-year contract to supply bulk fuel to KiwiRail

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 says in a statement.

Actual fuel supplied will depend on volumes used and fuel price movements, it says.

The contract can be extended for another five years.

(BusinessDesk)

This article is tagged with the following keywords. Find out more about My Tags

1 Comment & Question

Commenter icon key: Subscriber Verified

Didn't Z say in statements a couple of days ago this contract was uneconomic? I like the idea of a foreign oil company subsidising a government owned rail company.

Reply
Share

Post New comment or question

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

NZ Market Snapshot

Forex

Sym Price Change
USD 0.7900 0.0016 0.20%
AUD 0.9091 0.0007 0.08%
EUR 0.6372 -0.0003 -0.05%
GBP 0.5044 0.0002 0.04%
HKD 6.1272 0.0075 0.12%
JPY 93.1230 0.2370 0.26%

Commods

Commodity Price Change Time
Gold Index 1201.1 7.690 2014-11-21T00:
Oil Brent 78.6 -0.120 2014-11-21T00:
Oil Nymex 76.5 0.710 2014-11-21T00:
Silver Index 16.4 0.260 2014-11-21T00:

Indices

Symbol Open High Last %
NZX 50 5526.9 5526.9 5526.9 -0.56%
NASDAQ 4751.0 4751.6 4701.9 0.24%
DAX 9521.2 9736.1 9484.0 2.62%
DJI 17721.0 17894.8 17719.0 0.51%
FTSE 6678.9 6773.1 6678.9 1.08%
HKSE 23883.3 23936.3 23437.1 1.84%
NI225 17285.7 17381.6 17300.9 0.33%