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Strategic Storage Partners wins $1.4B contract to manage U.S. oil reserves for up to 10 years.
The US Department of Energy awarded Strategic Storage Partners a $1.4 billion contract to manage the Strategic Petroleum Reserve for five years, with an option to extend for another five.
The SPR, storing emergency oil supplies in Texas and Louisiana, will be overseen by Strategic Storage Partners starting June 15, 2025, following a transition period.
The contract supports U.S. energy security and job creation.
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Strategic Storage Partners gana un contrato de $1,4B para administrar las reservas de petróleo de los EE.UU. por un período de hasta 10 años.