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)


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

NZ Market Snapshot

Forex

Sym Price Change
USD 0.7010 0.0008 0.11%
AUD 0.9356 -0.0019 -0.20%
EUR 0.6234 0.0003 0.05%
GBP 0.5399 0.0008 0.15%
HKD 5.4578 0.0071 0.13%
JPY 77.9250 0.2830 0.36%

Commods

Commodity Price Change Time
Gold Index 1261.4 13.240 2017-05-22T00:
Oil Brent 54.1 1.370 2017-05-22T00:
Oil Nymex 51.1 1.780 2017-05-22T00:
Silver Index 17.2 0.520 2017-05-22T00:

Indices

Symbol Open High Last %
NZX 50 7409.5 7415.8 7409.5 -0.33%
NASDAQ 6098.2 6135.9 6083.7 0.82%
DAX 12665.0 12670.3 12638.7 -0.15%
DJI 20867.8 20914.3 20804.8 0.43%
FTSE 7470.7 7518.1 7470.7 0.34%
HKSE 25415.6 25487.0 25391.3 -0.21%
NI225 19647.7 19693.0 19678.3 -0.33%
ASX 5771.2 5795.7 5771.2 -0.19%