Federal Register - February 2, 2021
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Source: Federal Register
Federal Register / Vol. 86, No. 20 / Tuesday, February 2, 2021 / Presidential Documents
7789
Presidential Documents
Presidential Determination No. 202103 of January 14, 2021
Presidential Determination on the Pursuant to Section 1245d4B and C of the National Defense Authorization Act for FY 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 reports submitted to the Congress by the Energy Information Administration including the report submitted in October 2020, 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 1245d4B and C of the National Defense Authorization Act for Fiscal Year 2012, Public Law 11281, and consistent with 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.
I will continue to monitor this situation closely.
The Secretary of State is authorized and directed to publish this determination in the Federal Register.
Washington, January 14, 2021
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THE WHITE HOUSE,
