WASHINGTON, May 16 -- Department Of Energy has issued a rule called: Procedures for Acquisition of Petroleum for the Strategic Petroleum Reserve.
The rule was published in the Federal Register on May 16 by Treena V. Garrett, Federal Register Liaison Officer, U.S. Department of Energy.
Summary: This DFR amends the regulations for the procedures for acquisition of petroleum for the Strategic Petroleum Reserve (SPR) to require index-priced contracts. This change is made to align DOE's processes with industry practice. Additionally, it restores the rule to its historical norm.
For more information, contact David Taggart, U.S. Department of Energy, Office of the General Counsel, GC-1, 1000 Independence Avenue SW, Washington, DC 20585-0121. Te...