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NPRA Statement on Senate Energy Committee Legislation on Lease Area 181

Posted on: Wednesday, 8 March 2006, 15:00 CST

NPRA, the National Petrochemical & Refiners Association, today welcomed approval by the Senate Energy Committee of S. 2253, legislation that instructs the Department of the Interior to sell oil and gas leases in Lease Area 181. Located 100 miles off the Florida coast and comprising 2.9 million acres, the area is anticipated to provide increased domestic petroleum and natural gas production, which is much needed. The nation's refiners and petrochemical producers rely on predictable supplies of oil and gas to carry out their operations, and increased supplies of domestic energy will help provide natural gas for use in refineries as fuel and in petrochemical plants as feedstock.

Bob Slaughter, NPRA President said: "The Senate Energy and Natural Resources Committee has approved a limited and sensible approach to offshore leasing that will increase domestic supplies of oil and gas for the benefit of all the nation's consumers. NPRA hopes that the Senate will quickly give its support to the bill, and looks forward to favorable House action on the issue of opening areas in the greater Outer Continental Shelf for oil and gas leasing."

NPRA is a national trade association with more than 450 member companies, including virtually all U.S. refiners and petrochemical manufacturers.

Source: Business Wire

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