The United States signed the first contracts for the sale of oil from the strategic reserve
The office of US Department of Energy for Fossil Resources on Wednesday signed a contract for the first of several planned sales of crude oil from the strategic reserve, according to the Ministry of Energy.
"Yesterday, the US Department of Energy's Office of Fossil Resources contracted for the first of a number of sales of crude oil from the strategic reserve," - said in a statement.
In early January, the US Department of Energy announced the sale of the oil from strategic reserves in the amount of 375.4 million dollars.
According to the report, the Ministry of Energy will sell up to 8 million barrels of oil from three strategic storage locations. In particular, the Bryan Mound storage facility will be sold to 3 million barrels, the same amount of oil will be implemented from the store Big Hill. Still up to 2 million barrels of oil to be sold from the West Hackberry.
Tender bids for the purchase of oil ministry took until 17 January. The supply of oil is planned to be held in March-April.
In December, the US Congress passed a resolution to continue funding current expenditure. She, in particular, allows the US Department of Energy to sell part of oil from strategic reserves in the amount of 375.4 million dollars. The proceeds should go to improving infrastructure related to strategic oil reserves, within the framework of the relevant program of modernization (SPR Modernization program).
Related posts
oil Commercial US crude stocks (excluding strategic reserves) for the week ended August 19, unexpectedly increased by 2.5 million barrels, or 0.5% - to...
Oil , Canadian Production orders in U.S. slipped over the previous period to -0.8%; Strategic reserves of crude oil in the US fell to a minimum of 2005;...
Sanctions not reason to get money
Sanctions - not a reason to get money from the National Welfare Fund Ministry of Economic Development will somehow allocate company trapped by the US and...
Next posts
- Analyst from company ForexMart
- Cartel covered at least 10% of
- Wave analysis stocks
No comments:
Post a Comment