DM Petrol. Fights For $1.5B Strategic Reserve Contract

Law360, New York (January 29, 2014, 4:43 PM EST) -- DM Petroleum Operations Co. asked the Court of Federal Claims on Tuesday to block a $1.5 billion contract awarded in September to a subsidiary of Fluor Federal Services Inc. to take over management and operation of the government's Strategic Petroleum Reserve.

The company filed for a temporary restraining order and preliminary injunction preventing the government from beginning a new contract with Fluor Federal Petroleum Operations LLC, which DM Petroleum claims was improperly awarded “in violation of applicable law and regulation.”

DM Petroleum’s complaint was filed under...
To view the full article, register now.