Tracking Number: 383421
Title: "Clinton Bans Contract for Iranian Oil Resource Development." Executive Order and letter to Congress from President Clinton regarding his decision to prohibit Americans
from helping Iran develop its oil resources. (950315)
Date: 19950315
Text:
*NEA306
03/15/95 CLINTON BANS CONTRACTS FOR IRANIAN OIL RESOURCE DEVELOPMENT (Texts: Executive Order, Letter to Congress) (1080) Washington -- President Clinton signed an Executive Order March 15 prohibiting certain transactions with respect to the development of Iranian petroleum resources, effective at 12:01 a.m., eastern standard time, on March 16, 1995. The Executive Order was transmitted to Congress on March 15.
Following are the texts of the Executive Order and the president's letter to Congress:
(Begin Executive Order) By the authority vested in me as President by the Constitution and the laws of the United States of America, including the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.), the National emergencies Act (50 U.S.C. 1601 et seq.), and section 301 of title 3, United States Code,
I, William J. Clinton, President of the United States of America, find that the actions and policies of the Government of Iran constitute an unusual and extraordinary threat to the national security, foreign policy, and economy of the United States, and hereby declare a national emergency to deal with that threat.
I hereby order: Section 1. The following are prohibited, except to the extent provided in regulations, orders, directives, or licenses that may be issued pursuant to this order, and notwithstanding any contract entered into or any license or permit granted prior to the effective date of this order:
(a) the entry into or performance by a United States person, or the approval by a United States person of the entry into or performance by an entity owned or controlled by a United States person, of (i) a contract that includes overall supervision and management responsibility for the development of petroleum resources located in Iran, or (ii) a guaranty of another person's performance under such a contract;
(b) the entry into or performance by a United States person, or the approval by a United States person of the entry into or performance by an entity owned or controlled by a United States person; of (i) a contract for the financing of the development of petroleum resources located in Iran, or (ii) a guaranty of another person's performance under such a contract; and
(c) any transaction by any United States person or within the United States that evades or avoids, or has the purpose of evading or avoiding, or attempts to violate, any of the prohibitions set forth in this order.
Sec 2. For the purposes of this order: (a) The term "person" means an individual or entity;
(b) The term "entity" means a partnership, association, trust, joint venture, corporation, or other organization;
(c) The term "United States person" means any United States citizen, permanent resident alien, entity organized under the laws of the United States (including foreign branches), or any person in the United States; and
(d) The term "Iran" means the land territory claimed by Iran and any other area over which Iran claims sovereignty, sovereign rights or jurisdiction, including the territorial sea, exclusive economic zone, and continental shelf claimed by Iran.
Sec. 3. The Secretary of the Treasury, in consultation with the Secretary of State, is hereby authorized to take such actions, including the promulgation of rules and regulations, and to employ all powers granted to me by the International Emergency Economic Powers Act as may be necessary to carry out the purposes of this order. The Secretary of the Treasury may redelegate any of these functions to other offices and agencies of the United States Government. All agencies of the United States Government are hereby directed to take all appropriate measures within their authority to carry out the provisions of this order.
Sec. 4. Nothing contained in this order shall create any right or benefit, substantive or procedural, enforceable by any party against the United States, its agencies or instrumentalities, its officers or employees, or any other person.
Sec. 5. (a) this order is effective at 12:01 a.m., eastern standard time, on March 16, 1995.
(b) This order shall be transmitted to the Congress and published in the Federal Register.
William J. Clinton The White House March 15, 1995 (End Executive Order text) (Begin Letter to Congress) TO THE CONGRESS OF THE UNITED STATES: Pursuant to section 204(b) of the International Emergency Economic Powers Act (50 U.S.C. 1703 (b) and section 301 of the National Emergencies Act (50 U.S.C. 1631), I hereby report that I have exercised by statutory authority to declare a national emergency to respond to the actions and policies of the Government of Iran and to issue an Executive Order prohibiting United States persons from entering into contracts for the financing of or the overall management or supervision of the development of petroleum resources located in Iran or over which Iran claims jurisdiction.
The Secretary of the Treasury is authorized to issue regulations in exercise of my authorities under the International Emergency Economic Powers Act to implement these prohibitions. All Federal agencies are also directed to take actions within their authority to carry out the provisions of the Executive order.
I am enclosing a copy of the Executive order that I have issued. The order is effective at 12:01 a.m., eastern standard time, on March 16, 1995.
I have authorized these measures in response to the actions and policies of Iran including support for international terrorism, efforts to undermine the Middle East Peace process, and the acquisition of weapons of mass destruction and the means to deliver them. We have worked energetically to press the Government of Iran to case this unacceptable behavior. To that end we have worked closely with Allied governments to prevent Iran's access to goods that would enhance its military capabilities and allow it to further threaten the security of the region. We have also worked to limit Iran's financial resources by opposing subsidized lending.
Iran has reacted to the limitations on its financial resources by negotiating for Western firms to provide financing and know-how for management of the development of petroleum resources. Such development would provide new funds that the Iranian Government could use to continue its current policies. It continues to be the policy of the U.S. government to seek to limit those resources and these prohibitions will prevent United States persons from acting in a manner that undermines that effort.
William J. Clinton The White House March 15, 1995 (End Letter to Congress) NNNN
File Identification: 03/15/95, NEA306; 03/16/95, NAA406
Product Name: Wireless File
Product Code: WF
Languages: Arabic
Keywords: IRAN-US
RELATIONS; CLINTON, BILL/Speaker; SANCTIONS; PETROLEUM INDUSTRY
Document Type: TXT
Thematic Codes: 1NE
Target Areas: NE
PDQ Text Link: 383421
USIA
Notes: *95031503.GNE text:wh 3/15 exec. order iran oil/kf+
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