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WASHINGTON, Aug 31 (Reuters) – The U.S. Department of Energy said on Monday that a strategic oil reserve site in Louisiana “had suffered abundant hurt” from Hurricane Laura and that detailed estimates of the hurt caused be released later this week.
The branch closed two of the 4 SPR sites before Laura and.The West Hackberry site in Louisiana does not have to advertise electricity, however, “there is no risk to the integrity of geologically sealed underground caverns and no danger of contamination or fear of spillage,” a branch official said.
The other site that closed in Big Hill, Texas, is back in operation and has made an oil delivery in the past scheduled for the weekend, he said.
Nine oil corporations this spring, adding Exxon Mobil Corp.Chevron Corp and Alon USA Inc, leased an area to buy more than 20 million barrels of oil in the reserve to address garage shortages as the coronavirus pandemic reduced fuel demand.
The DPR is ready to handle all emergency exchange requests from refineries due to Laura through its Big Hill sites, Bryan Mound and Bayou Choctaw, he said, the reservation has not won any requests for such deliveries.
Washington built the DPR in the 1970s after the Arab oil embargo raised gas costs and broke the U.S. economy.He has organized emergency sales and oil loans to power corporations after storms.More recently, the branch lent 5.2 million barrels of oil after Hurricane Harvey.flooded Texas in 2017.
Reporting through Timothy Gardner
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