80_FR_76155
80 FR 75921 - Presidential Determination Pursuant to Section 1245(d)(4)(B) and (C) of the National Defense Authorization Act for Fiscal Year 2012
80 FR 75921 - Presidential Determination Pursuant to Section 1245(d)(4)(B) and (C) of the National Defense Authorization Act for Fiscal Year 2012
Executive Office of the President
Federal Register Volume 80, Issue 234 (December 7, 2015)
Page Range
75921-75921
FR Document
2015-30909
Federal Register, Volume 80 Issue 234 (Monday, December 7, 2015)
[Federal Register Volume 80, Number 234 (Monday, December 7, 2015)]
[Presidential Documents]
[Page 75921]
From the Federal Register Online [www.thefederalregister.org]
[FR Doc No: 2015-30909]
Presidential Documents
Federal Register / Vol. 80, No. 234 / Monday, December 7, 2015 /
Presidential Documents
___________________________________________________________________
Title 3--
The President
[[Page 75921]]
Presidential Determination No. 2016-03 of November 18,
2015
Presidential Determination Pursuant to Section
1245(d)(4)(B) and (C) of the National Defense
Authorization Act for Fiscal Year 2012
Memorandum for the Secretary of State[,] the Secretary
of the Treasury[, and] the Secretary of Energy
By the authority vested in me as President by the
Constitution and the laws of the United States, after
carefully considering the report submitted to the
Congress by the Energy Information Administration on
October 6, 2015, and other relevant factors, including
global economic conditions, increased oil production by
certain countries, the level of spare capacity, and the
availability of strategic reserves, I determine,
pursuant to section 1245(d)(4)(B) and (C) of the
National Defense Authorization Act for Fiscal Year
2012, Public Law 112-81, and consistent with my prior
determinations, that there is a sufficient supply of
petroleum and petroleum products from countries other
than Iran to permit a significant reduction in the
volume of petroleum and petroleum products purchased
from Iran by or through foreign financial institutions.
However, in the Joint Plan of Action, the interim
arrangement to address concerns with Iran's nuclear
program reached between the P5+1, European Union and
Iran in November 2013, the United States committed to
allow oil purchases from Iran to continue at the levels
that prevailed at that time. Accordingly, my
Administration is not seeking further reductions of
Iranian oil purchases.
I will continue to monitor this situation closely.
The Secretary of State is hereby authorized and
directed to publish this memorandum in the Federal
Register.
(Presidential Sig.)
THE WHITE HOUSE,
Washington, November 18, 2015
[FR Doc. 2015-30909
Filed 12-4-15; 8:45 am]
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