[Federal Register Volume 79, Number 113 (Thursday, June 12, 2014)]
[Presidential Documents]
[Page 33841]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-13959]


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  Federal Register / Vol. 79, No. 113 / Thursday, June 12, 2014 / 
Presidential Documents  

[[Page 33841]]


                Presidential Determination No. 2014-11 of June 4, 2014

                
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 
                April 24, 2014, and other relevant factors, including 
                global economic conditions, increased oil production by 
                certain countries, and the level of spare capacity, 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 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 memorandum in the Federal Register.
                
                
                    (Presidential Sig.)

                THE WHITE HOUSE,

                    Washington, June 4, 2014

[FR Doc. 2014-13959
Filed 6-11-14; 11:15 am]
Billing code 4710-10