Energy Sec Bodman Announces SPR Loan at Platts Energy Podium

PR Newswire – The U.S. Department of Energy will loan 750,000 barrels of crude oil from the Strategic Petroleum Reserve to two refiners who have been unable to receive waterborne shipments due to the closure of the Calcasieu Ship Channel in Louisiana, Energy Secretary Samuel Bodman told the inaugural Platts Energy Podium event on Wednesday.

Speaking at the energy roundtable hosted by the Platts Washington office, Bodman said ConocoPhillips would receive 500,000 barrels of SPR crude for its 239,000 b/d Westlake refinery in Louisiana. He also confirmed that Citgo would take 250,000 barrels for its 425,000 b/d plant in Lake Charles.
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