VTG Rail UK has signed an agreement with BP Oil for the purchase and leaseback of its fleet of 124 tank wagons.
The company, a subsidiary of VTG Aktiengesellschaft, will become responsible for all maintenance and regulatory matters of the wagons.
The deal allows VTG to operate the wagons out of the Grangemouth refinery in Scotland.
The company will use 57 two-axle aviation kerosene wagons to supply fuel to two airports and 12 bogie wagons to deliver aviation kerosene for engine testing at Rolls-Royce in Derby.
VTG will lease 18 two-axle wagons to GB Oils to transport regular kerosene to two of its depots while the remaining 37 wagons will be used by BP Oil for movements to its Dalston depot.