[Federal Register Volume 77, Number 247 (Wednesday, December 26, 2012)]
[Presidential Documents]
[Page 76213]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-31133]



[[Page 76211]]

Vol. 77

Wednesday,

No. 247

December 26, 2012

Part III





The President





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Presidential Determination No. 2013-03 of December 7, 2012--
Presidential Determination Pursuant to Section 1245(d)(4)(B) and (C) of 
the National Defense Authorization Act for Fiscal Year 2012
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  Federal Register / Vol. 77 , No. 247 / Wednesday, December 26, 2012 / 
Presidential Documents  

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 Title 3--
 The President

[[Page 76213]]

                Presidential Determination No. 2013-03 of December 7, 
                2012

                
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 25, 2012, 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 
                determinations of March 30, 2012, and June 11, 2012, 
                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 closely monitor this situation to ensure that 
                the market can continue to accommodate a reduction in 
                purchases of petroleum and petroleum products from 
                Iran.

                The Secretary of State is authorized and directed to 
                publish this memorandum in the Federal Register.
                
                
                    (Presidential Sig.)

                THE WHITE HOUSE,

                    Washington, December 7, 2012

[FR Doc. 2012-31133
Filed 12-21-12; 8:15 am]
Billing code 4710-10