Mobil invests for marine fuels growth

3 August 2012

Mobil Oil New Zealand Limited (“Mobil”) today announced plans to expand fuel oil storage capacity at its Mount Maunganui Terminal to meet the growing demand for marine fuels at the Port of Tauranga. The project also includes modifications to the terminal’s existing boiler facility and upgrading of the control room and operating systems.

Mobil will refurbish an existing underutilised 8 million litre tank to meet the required standards for storage and handling of heavy fuel oil, which will help to better service the rapidly growing demand from cargo vessels and cruise ships at the Port of Tauranga.

Mobil has invested extensively to upgrade its network of terminals and service stations across New Zealand over the past five years. Together with other maintenance work and improvements since 2007, this latest investment at Mount Maunganui represents a total commitment of over $70 million to the future safety and reliability of Mobil’s fuel distribution and retail facilities throughout the country.

The Mount Maunganui Terminal is owned and operated by Mobil. It is located on Totara Street and supplies petrol and diesel products to commercial, industrial and retail customers across the central North Island as well as marine fuel oil bunkers for the Port of Tauranga.

Mobil and predecessor companies have marketed petroleum products in New Zealand for over 115 years. Mobil operates a network of service stations and fuel terminals around the country and is a shareholder in Refining NZ which operates New Zealand's only refinery at Marsden Point. Mobil imports crude oil for processing at Marsden Point and supplies petroleum products to the New Zealand market from its share of the refinery's capacity and through direct refined product imports.

Media contact:
Alan Bailey +61 3 9270 3126 or +61 417 549 175