DOE to Exchange SPR Crude with XOM for Baton Rouge Refinery


   
Dawn Gallagher
DTN Energy Reporter

   OAKHURST, N.J.(DTN) --- The U.S. Department of Energy today announced the 
authorization of an exchange of up to 1 million bbl from the Strategic 
Petroleum Reserve with ExxonMobil Corporation to address logistical challenges 
impact the crude oil deliveries to the company's Baton Rouge, Louisiana, 
refinery.

   "U.S. Secretary of Energy Chris Wright authorized this action to  maintain 
stable regional supply of transportation fuels across Louisiana and the broader 
Gulf Coast. This action preserves the SPR's operational flexibility and will 
not impact or delay DOE's ongoing efforts to refill the reserve," the agency 
said in a news release today.

   The exchange will support ExxonMobil's restoration of refinery operations 
that were reduced due to an offshore supply disruption. ExxonMobil is expected 
to return the borrowed crude, along with additional barrels of crude for the 
SPR at no cost to the taxpayer, the DOE stated.

   "DOE remains in close coordination with industry partners to ensure 
stability in the fuel supply chain during the peak demand season. DOE continues 
to encourage refiners to prioritize efficient production and delivery of 
refined fuels," the agency said.




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