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APTIM, BWX secure $1.4bn contract to manage US Strategic Petroleum Reserve

GlobalData
Summary
Nutrition label

78% Informative

APTIM and BWX secure $ 1.4bn contract to manage US Strategic Petroleum Reserve .

JV Strategic Storage Partners will oversee SPR 's operations, facilities and systems in Louisiana and Texas .

The estimated contract value is $ 2.6bn over ten years , including a five-year base period .

The SPR is claimed to be the world's largest emergency crude oil supply.

VR Score

74

Informative language

68

Neutral language

78

Article tone

formal

Language

English

Language complexity

68

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

medium-lived

Affiliate links

no affiliate links

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