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DOE nets more revenues for SPR assets. (Energy Department's leasing and selling agreements for Strategic Petroleum Reserve)(Brief Article)

The Oil and Gas Journal

| November 04, 1996 | COPYRIGHT 2003 PennWell Publishing Corp. (Hide copyright information)Copyright

The U.S. Energy Department continues to press efforts to convert Strategic Petroleum Reserve assets into revenues.

DOE has signed agreements with two pipeline companies to sell or lease Strategic Petroleum Reserve oil pipelines and a government-owned marine terminal.

Meanwhile, DOE has approved the sale of 1.47 million bbl of oil from the Strategic Petroleum …

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