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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.