The decision was made as a result of a prior agreement on the Federal budget between the White house and the U.S. Congress. The volume of oil reserve of US $ 695 million barrels.
MOSCOW, 27 Jan. The US is going to sell 58 million barrels of oil from its strategic petroleum reserve in the period from 2018 to 2025, according to the Agency Bloomberg with reference to its sources.
The volume of oil reserve, which is located in four oilfields on the Gulf coast amounts to 695 million barrels. Thus, the U.S. plans to sell more than 8% of their strategic reserves. According to the Agency, this decision was taken on Monday as a result of reaching preliminary agreement on the Federal budget between the White house and lawmakers of the United States.
In addition, it is reported that in 2017-2020 USA plans to implement the program of modernization of strategic reserve, which includes the construction of new pipelines. To allocate $ 2 million for this program, it is not excluded the sale of additional barrels from the strategic reserve.
The vote on the budget bill of the U.S. is planned for Wednesday after Republicans and Democrats reached agreements in principle on the parameters of the main financial law, said the speaker of the house of representatives of the USA Congress John Boehner.
The “budget deal” provides for the funding of the budget and the national debt over the next two years to prevent another closure of Federal agencies and prevent default on debt. In particular, according to the deal, the debt limit will automatically be increased before March 2017, but the budgetary costs of public institutions will be increased by $ 50 million in 2016.
Earlier it was reported that leaders of Congress and the White house reached a tentative agreement on the budget rate, which sets the level of government funding for the next two years and extends the limit goszadolzhennosti until 2017. Supported by Republicans and Democrats, the bill on the financing of 144 pages, entitled “discussing the draft law”, was published after midnight local time.
