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

Free audio stream, including stories that are padlocked on our site. Listen on any device, anywhere. Updated twice daily. The audio stream takes several seconds to start on Android devices.

Launch Radio player

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)


1 · Got a question about this story? Leave it in Comments & Questions below.

This article is tagged with the following keywords. Find out more about MyNBR 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
  • 0
  • 0

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 0.6274 -0.0112 -1.75%
AUD 0.9084 -0.0018 -0.20%
EUR 0.5626 -0.0118 -2.05%
GBP 0.4136 -0.0051 -1.22%
HKD 4.8670 -0.0837 -1.69%
JPY 74.6830 -2.0170 -2.63%

Commods

Commodity Price Change Time
Gold Index 1120.9 -3.100 2015-09-04T00:
Oil Brent 50.5 -1.030 2015-09-04T00:
Oil Nymex 46.6 -0.690 2015-09-04T00:
Silver Index 14.5 -0.160 2015-09-04T00:

Indices

Symbol Open High Last %
NZX 50 5569.7 5573.0 5569.7 -0.41%
NASDAQ 4670.4 4712.7 4733.5 -1.05%
DAX 10216.2 10216.2 10317.8 -2.71%
DJI 16371.8 16371.8 16374.8 -1.66%
FTSE 6194.1 6194.1 6194.1 -2.44%
HKSE 21158.9 21174.9 20934.9 -0.45%
NI225 18312.1 18312.1 18353.0 -3.06%