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RCED-83-93 1 (1983-01-14)

handle is hein.gao/gaobabmvb0001 and id is 1 raw text is: RESOURCES, COMMUNITY, AND ECONOMIC DEVELOPMENT DIVISION UNITED STATES GENERAL ACCOUNTING OFFICE WASHINGTON, D.C. 20648 January 14, 1983 A~7 The Honorable James A. McClure Chairman, Committee on Energy and Natural Resources United States Senate The Honorable J. Bennett Johnston Ranking Minority Member, Committee on Energy and Natural Resources United States Senate RELEASED 120539 Subjectt Status of Strategic Petr9leum Reserve Activities as of December 31, 1982 IGAO/RCED-83-93) This is the third in a series of reports requested by the Senate Committee on Energy and Natural Resources on the adminis- tration's progress in filling the Strategic Petroleum Reserve (SPR). l/ This report discusses activities during the first quarter of fiscal year 1983 related to filling the SPR, establish- ing the fiscal year 1983 fill rate, and developing new permanent storage facilities, as well as the status of SPR funding. In addition, it discusses efforts to recover overpayments for oil received at the St. James terminal, an oil leak at the Bryan Mound storage site, and DOE documents relating to SPR drawdown and regional petroleum reserves. This report is based, in part, on our review of program documents, publications, and studies prepared by the Department of Energy (DOE) and the Defense Fuel Supply Center (DFSC), DOE's purchasing agent for much of the SPR oil. In addition, we interviewed managers and operating personnel who are responsible for planning and managing activities associated with developing and operating the SPR facilities. We also interviewed personnel from the private contractors that carry out most program activi- ties. We obtained information on the availability and utiliza- tion of oil acquisition funds from both DOE and DFSC. Our review was performed in accordance with generally accepted government auditing standards. We did not, however, 1/The March 25, 1982, letter requesting these reports is enclosure II. (306303) B-208196

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