Mobil currently has a long term agreement to supply the fuel for the service stations 7-Eleven acquired from us last year. The remainder of 7-Eleven’s network is currently supplied under an agreement with another fuel supplier which concludes at the end of 2011. Earlier this year 7-Eleven started to consider their options for future supply and invited Mobil to tender for this part of their business also. Mobil has been successful in what proved to be a very competitive tender process.

The new agreement with 7-Eleven will significantly increase Mobil’s wholesale fuel sales in Australia. It will have flow-on benefits for our Altona refinery and distribution terminals in Melbourne, Sydney and Brisbane and demonstrates that Mobil continues to be a vigorous competitor in the Australian wholesale fuel market.

Mobil looks forward to building a strong alliance with 7-Eleven over time which will provide the opportunity for further business growth for both parties.