WASHINGTON - The U.S. Department of Energy has agreed to deliver 200,000 barrels of emergency exchange oil from the Strategic Petroleum Reserve to ConocoPhillips Company's Wood River refinery along the Capline pipeline system.
The Department will also deliver an additional 109,000 barrels of emergency exchange oil from the Strategic Petroleum Reserve to Placid Oil's Port Allen refinery along a Shell pipeline in Louisiana.
The oil was requested by ConocoPhillips and Placid Oil because of disruptions in supply caused by Hurricanes Gustav and Ike. The deliveries will begin today.
Healy Baumgardner, (202) 586-4940