HD Hyundai Oilbank Co., LTD

HD Hyundai Oilbank Co., LTD, a South Korean-based foreign-owned for-profit organization headquartered in Seosan-si, Chungcheongnam-do, is a critical energy supplier to the United States Department of Defense. The company operates through its Special Product Business Team Division and has established itself as a strategic petroleum products supplier, specializing in the provision of aviation turbine fuels and related petroleum products to support U.S. military operations across the Western Pacific and Middle East regions. HD Hyundai Oilbank leverages its geographic location and established supply chain capabilities to deliver fuel products reliably to Department of Defense installations and vessels in strategically important locations throughout Asia-Pacific and the Middle East.

Since establishing its federal contracting relationship with the Defense Logistics Agency (DLA) Energy, HD Hyundai Oilbank Co., LTD has received numerous delivery order contracts for the supply of aviation turbine fuels, including Jet Propulsion Fuel types 5 and 8 (JP5, JP8), Aviation Gasoline, and Naval Distillate F76. The delivery orders, which have ranged in value from approximately $4,300 to over $2.5 million per contract, have been awarded on a competitive basis with no set-aside designations, reflecting the company's competitive standing in the open marketplace. Performance has consistently taken place in South Korea, with fuel delivered via multiple transportation modes including tankers, barges, trucks, railcars, and pipelines to U.S. military installations and vessels in locations such as South Korea, Japan, Singapore, and Diego Garcia. All awards have been issued by the Defense Logistics Agency Energy, a major program office within the Department of Defense, utilizing fixed-price contract structures with economic price adjustment provisions to account for fuel market fluctuations. The volume and consistency of awards demonstrate HD Hyundai Oilbank's reliability and the critical role it plays in maintaining the U.S. military's fuel supply chain in the region, with individual delivery orders typically carrying completion periods ranging from weeks to several months.

HD Hyundai Oilbank Co., LTD currently holds multiple active Indefinite Delivery Contracts (IDCs) with the Defense Logistics Agency Energy that serve as the foundation for its ongoing fuel supply relationship with the U.S. military. The most recent IDC, awarded on December 12, 2024, carries a ceiling value of $23,117,139.00 and runs through December 31, 2025, under the WESTPAC (Western Pacific) Purchase Program. This single-award contract enables DLA Energy to issue multiple fixed-price delivery orders for various aviation turbine fuels and naval distillate to support Department of Defense operations in the Western Pacific and Middle East regions, with estimated annual requirements totaling approximately 201,804,000 gallons of F76, 90,786,000 gallons of JP5, and 282,320,000 gallons of JA1. Additionally, HD Hyundai Oilbank maintains a previously awarded IDC with a ceiling value of $25,117,187.45 that expired on December 31, 2024, which similarly funded delivery orders issued between November 2023 and December 2024. The company also holds historical IDCs valued at $22,225,896.00 (expired March 31, 2024) under the WESTPAC program and $17,790,204.00 (expired December 31, 2022) under the FEB (Far East Bulk) program. These IDCs reflect DLA Energy's confidence in HD Hyundai Oilbank's capability to deliver petroleum products reliably and competitively, with all contracts awarded as single-award vehicles with no set-aside designations, underscoring the company's strategic importance to the U.S. military's energy supply operations in the Asia-Pacific theater.