Oil Reserve:

Status of Strategic Petroleum Reserve Activities as of September 30, 1988

RCED-89-63FS: Published: Jan 25, 1989. Publicly Released: Feb 2, 1989.

Additional Materials:


Office of Public Affairs
(202) 512-4800

Pursuant to a congressional request, GAO reviewed the Department of Energy's (DOE) progress in developing, operating, and filling the Strategic Petroleum Reserve (SPR) during the 6 months ended September 30, 1988.

GAO found that, during that period, DOE: (1) added 9.7 million barrels of crude oil to SPR, increasing the inventory to 554.7 million barrels; (2) disbursed $130 million to the Mexican national oil company for oil acquisition and transportation; (3) appointed a committee to resolve continuing SPR instrumentation and control system problems; and (4) requested the Sandia National Laboratories to evaluate hardware and software at SPR sites. GAO also found that Congress appropriated: (1) $173 million for fiscal year (FY) 1989 for SPR development, operation, and management; (2) $242 million for oil acquisition to permit an average fill rate of about 50,000 barrels per day; and (3) $92 million for oil deliveries in the first quarter of FY 1990. In addition, GAO found that the Military Sealift Command: (1) determined that past overcharges on demurrage payments for oil delivered to SPR represented improper payments; (2) calculated that demurrage claims totalled $189,893; and (3) was taking steps to recover the funds from shipowners.

Dec 7, 2017

Nov 14, 2017

Nov 1, 2017

Oct 26, 2017

Sep 8, 2017

Sep 5, 2017

May 26, 2017

May 25, 2017

May 24, 2017

May 17, 2017

Looking for more? Browse all our products here