The U.S. Defense Logistics Agency (DLA) Energy awarded a $25,117,187.45 Indefinite Delivery Contract (IDC) to HD Hyundai Oilbank Co., LTD, a South Korean-based foreign-owned for-profit organization, to provide various aviation turbine fuels, including Jet Propulsion Fuel types 5 and 8 (JP5, JP8), Aviation Gasoline, and Naval Distillate F76, to support U.S. Department of Defense operations in the Western Pacific and Middle East regions. The contract, which has an ultimate completion date of December 31, 2024, is structured as a single-award IDC that allows DLA Energy to issue multiple fixed-price delivery orders. Under this IDC, HD Hyundai Oilbank has received several delivery order contracts valued between $788,000 and $2.1 million for the supply of approximately 600-800 million gallons of these critical petroleum products. The contract does not have any set-aside designations, indicating HD Hyundai Oilbank's competitive position in the market for providing fuel to the U.S. military. The IDC is part of DLA Energy's broader WESTPAC Purchase Program, which covers the annual bulk petroleum requirements for the Western Pacific and Middle East regions. The program includes the procurement of Naval Distillate (F76), Jet Propulsion Fuel type 5 (JP5), and Jet Aviation Fuel type 1 (JA1), with a total estimated quantity of over 600 million gallons to be delivered between January 1, 2024, and December 31, 2024, plus a 30-day carry-over period. HD Hyundai Oilbank's consistent selection for these high-value, single-award IDCs highlights its strategic importance as a reliable and competitive energy supplier to the U.S. Department of Defense in the Asia-Pacific and Middle East regions.
Mod # | Description | Reason For Modification | Federal Obligation (Click to sort descending) | Date (Click to sort ascending) |
|---|---|---|---|---|
| P00002 | Supplemental Agreement for work within scope | $0 | 7/2/24 | |
| P00001 | Supplemental Agreement for work within scope | $0 | 3/1/24 | |
| Not listed | Not listed | $0 | 11/2/23 |
Name | Description | Awardee | Potential Value (Click to sort descending) | Award Date (Click to sort descending) | Completion Date (Click to sort descending) | Updated At (Click to sort descending) |
|---|---|---|---|---|---|---|
Delivery Order SPE60224D0453-SPE60224FA23M | HD Hyundai Oilbank Co., LTD | $920.2k | 7/22/24 | 8/28/24 | 7/22/24 | |
Delivery Order SPE60224D0453-SPE60224FZ954 | HD Hyundai Oilbank Co., LTD | $1.9m | 5/23/24 | 6/11/24 | 5/23/24 | |
Delivery Order SPE60224D0453-SPE60224FA11Y | HD Hyundai Oilbank Co., LTD | $948.9k | 6/24/24 | 7/10/24 | 6/24/24 | |
Delivery Order SPE60224D0453-SPE60225FA78M | HD Hyundai Oilbank Co., LTD | $833.4k | 11/26/24 | 12/4/24 | 11/26/24 | |
Delivery Order SPE60224D0453-SPE60225FA78N | HD Hyundai Oilbank Co., LTD | $833.4k | 11/26/24 | 12/11/24 | 11/26/24 |
Name | Description | Solicitation Number | Federal Agency | Type | Posted Date (Click to sort descending) |
|---|---|---|---|---|---|
Western Pacific (WESTPAC) Bulk Petroleum Products Program | SPE602-23-R-0706 | Defense Logistics Agency Energy | Solicitation 2/3 | 4/12/23, 4:33 PM | |
Western Pacific (WESTPAC) Bulk Petroleum Products Synopsis | SPE602-23-R-0706 | Defense Logistics Agency Energy | Pre-Solicitation 1/3 | 3/13/23, 3:20 PM | |
Western Pacific (WESTPAC) Bulk Petroleum Products Program | SPE60223R0706 | Defense Logistics Agency Energy | Limited / Sole Source Justification 3/3 | 11/14/23, 6:01 PM |