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DoE Hands the Keys to Strategic Crude Oil Stockpile to New Firm

Summary by Oil Price
The Department of Energy has awarded a new $1.4 billion contract to Strategic Storage Partners, LLC—hardly a household name—to manage the Strategic Petroleum Reserve (SPR)—America’s emergency stash of crude oil. The new contract covers a five-year term with the option to extend for another five. After a transition period, Strategic Storage Partners will take over from the current SPR management firm, Fluor Federal Petroleum Operations (FFPO) on …

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DoE Hands the Keys to Strategic Crude Oil Stockpile to New Firm

The Department of Energy has awarded a new $1.4 billion contract to Strategic Storage Partners, LLC—hardly a household name—to manage the Strategic Petroleum Reserve (SPR)—America’s emergency stash of crude oil. The new contract covers a five-year term with the option to extend for another five. After a transition period, Strategic Storage Partners will take over from the current SPR management firm, Fluor Federal Petroleum Operations (FFPO) on …

·London, United Kingdom
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GovCon WireGovCon Wire

Strategic Storage Partners Lands $1.4B DOE Contract for Strategic Petroleum Reserve Management - GovCon Wire

The Department of Energy has awarded Strategic Storage Partners a five-year, $1.4 billion contract to manage and operate the Strategic Petroleum Reserve, or SPR. The DOE said Thursday, the contract covers operation and maintenance services for the four SPR facilities and systems in Louisiana and Texas. Management and Operation Contract Details Under the contract, Strategic Storage

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Lawyers, Guns & MoneyLawyers, Guns & Money

The Strategic Petroleum Reserve - Lawyers, Guns & Money

Shot: The Department of Energy has awarded a new $1.4 billion contract to Strategic Storage Partners, LLC—hardly a household name—to manage the Strategic Petroleum Reserve (SPR)—America’s emergency stash of crude oil.The new contract covers a five-year term with the option to extend for another five. After a transition period, Strategic Storage Partners will take over from the current SPR management firm, Fluor Federal Petroleum Operations (FFP…

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DevdiscourseDevdiscourse

Strategic Storage Partners Secures $1.4 Billion SPR Contract

Strategic Storage Partners has been awarded a $1.4 billion contract to manage and operate the U.S. Strategic Petroleum Reserve, the world’s largest crude oil stockpile. They will start their responsibilities on June 15, according to the U.S. Department of Energy.

·India
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Devdiscourse broke the news in India on Thursday, April 3, 2025.
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