DOE to Issue Second Solicitation for Purchase of Crude Oil for the SPR

WASHINGTON, DC


The solicitation requests offers for up to four million barrels in the following quantities: two million barrels of sweet crude to be delivered to the West Hackberry, Louisiana site, and/or two million barrels of sour crude to the delivered to the Bryan Mound, Texas site. Bids are due by May 1, 2007, and an announcement on contract awards will be made within one week. The delivery period for the crude oil is June 1-30, 2007.

Through the terms of contracts to be issued from the planned series of solicitations, the Strategic Petroleum Reserve seeks to achieve a moderate fill rate of approximately 100,000 barrels per day beginning in June. The Strategic Petroleum Reserve has a capacity of 727 million barrels and currently holds 689 million barrels in inventory.

U.S. Dept. of Energy