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WASHINGTON, Nov 30 (Reuters) - The U.S. Energy Department said on Thursday it has finalized contracts to purchase 2.73 million barrels of oil for the Strategic Petroleum Reserve (SPR).
The U.S. has contracts to purchase 930 million barrels (MB) from Exxon Mobil XOM.N , 600 million MB from Phillips 66 PSX.N , 600 MB from Sunoco SUN.N and 600 MB from Macquarie (MQG) . The contracts total $215,929,510, according a statement from the department.
The purchases are part of a plan to slowly replenish the SPR after a record drawdown last year to ease prices in the aftermath of Russia's invasion of Ukraine.
(Adds background and details on contracts, companies.)...
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