Executive Order No. 13590. Authorizing the Imposition of Certain Sanctions With Respect to the Provision of Goods, Services, Technology, or Support for Iran's Energy and Petrochemical Sectors

• Executive Order No.: 13590
• Published date: 23 November 2011
• Citation: 76 FR 72609
• Date: 20 November 2011
• Section: Presidential Documents
• Issuer: Executive Office of the President

Federal Register / Vol. 76, No. 226 / Wednesday, November 23, 2011 / Presidential Documents 
72609 
Presidential Documents
Executive Order 13590 of November 20, 2011 
Authorizing the Imposition of Certain Sanctions With Respect 
to the Provision of Goods, Services, Technology, or Support 
for Iran’s Energy and Petrochemical Sectors 
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.) (IEEPA), the National Emer-
gencies Act (50 U.S.C. 1601 et seq.), and section 301 of title 3, United 
States Code, and in order to take additional steps with respect to the national 
emergency declared in Executive Order 12957 of March 15, 1995, 
I, BARACK OBAMA, President of the United States of America, hereby 
order: 
Section 1. The Secretary of State, in consultation with the Secretary of 
the Treasury, the Secretary of Commerce, and the United States Trade Rep-
resentative, and with the President of the Export-Import Bank, the Chairman 
of the Board of Governors of the Federal Reserve System, and other agencies 
and officials as appropriate, is hereby authorized to impose on a person 
any of the sanctions described in section 2 or 3 of this order upon determining 
that the person: 
(a) knowingly, on or after the effective date of this order, sells, leases, 
or provides to Iran goods, services, technology, or support that has a fair 
market value of $1,000,000 or more or that, during a 12-month period, 
has an aggregate fair market value of $5,000,000 or more, and that could 
directly and significantly contribute to the maintenance or enhancement 
of Iran’s ability to develop petroleum resources located in Iran; 
(b) knowingly, on or after the effective date of this order, sells, leases, 
or provides to Iran goods, services, technology, or support that has a fair 
market value of $250,000 or more or that, during a 12-month period, has 
an aggregate fair market value of $1,000,000 or more, and that could directly 
and significantly contribute to the maintenance or expansion of Iran’s domes-
tic production of petrochemical products; 
(c) is a successor entity to a person referred to in subsection (a) or 
(b) of this section; 
(d) owns or controls a person referred to in subsection (a) or (b) of 
this section, and had actual knowledge or should have known that the 
person engaged in the activities referred to in that subsection; or 
(e) is owned or controlled by, or under common ownership or control 
with, a person referred to in subsection (a) or (b) of this section, and 
knowingly participated in the activities referred to in that subsection. 
Sec. 2. When the Secretary of State, in accordance with the terms of section 
1 of this order, has determined that a person meets any of the criteria 
described in section 1 and has selected any of the sanctions set forth below 
to impose on that person, the heads of relevant agencies, in consultation 
with the Secretary of State, shall take the following actions where necessary 
to implement the sanctions imposed by the Secretary of State: 
(a) the Board of Directors of the Export-Import Bank shall deny approval 
of the issuance of any guarantee, insurance, extension of credit, or participa-
tion in an extension of credit in connection with the export of any goods 
or services to the sanctioned person; 
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(b) agencies shall not issue any specific license or grant any other specific 
permission or authority under any statute that requires the prior review 
and approval of the United States Government as a condition for the export 
or reexport of goods or technology to the sanctioned person; 
(c) with respect to a sanctioned person that is a financial institution: 
(i) the Chairman of the Board of Governors of the Federal Reserve System 
and the President of the Federal Reserve Bank of New York shall take 
such actions as they deem appropriate, including denying designation, 
or terminating the continuation of any prior designation of, the sanctioned 
person as a primary dealer in United States Government debt instruments; 
or 
(ii) agencies shall prevent the sanctioned person from serving as an agent 
of the United States Government or serving as a repository for United 
States Government funds; or 
(d) agencies shall not procure, or enter into a contract for the procurement 
of, any goods or services from the sanctioned person. 
(e) The prohibitions in subsections (a)-(d) of this section apply except 
to the extent provided by statutes, or 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. 
Sec. 3. (a) When the Secretary of State, in accordance with the terms of 
section 1 of this order, has determined that a person has engaged in the 
activities described in section 1 and has selected any of the sanctions set 
forth below to impose on that person, the Secretary of the Treasury, in 
consultation with the Secretary of State, shall take the following actions 
where necessary to implement the sanctions imposed by the Secretary of 
State: 
(i) prohibit any United States financial institution from making loans 
or providing credits to the sanctioned person totaling more than 
$10,000,000 in any 12-month period unless such person is engaged in 
activities to relieve human suffering and the loans or credits are provided 
for such activities; 
(ii) prohibit any transactions in foreign exchange that are subject to the 
jurisdiction of the United States and in which the sanctioned person 
has any interest; 
(iii) prohibit any transfers of credit or payments between financial institu-
tions or by, through, or to any financial institution, to the extent that 
such transfers or payments are subject to the jurisdiction of the United 
States and involve any interest of the sanctioned person; 
(iv) block all property and interests in property that are in the United 
States, that come within the United States, or that are or come within 
the possession or control of any United States person, including any 
foreign branch, of the sanctioned person, and provide that such property 
and interests in property may not be transferred, paid, exported, with-
drawn, or otherwise dealt in; or (v) restrict or prohibit imports of goods, 
technology, or services, directly or indirectly, into the United States from 
the sanctioned person. 
(b) I hereby determine that, to the extent section 203(b)(2) of IEEPA 
(50 U.S.C. 1702(b)(2)) may apply, the making of donations of the type 
of articles specified in such section by, to, or for the benefit of any sanctioned 
person whose property and interests in property are blocked pursuant to 
subsection (a)(iv) of this section would seriously impair my ability to deal 
with the national emergency declared in Executive Order 12957, and I 
hereby prohibit such donations as provided by subsection (a)(iv) of this 
section. 
(c) The prohibitions in subsection (a)(iv) of this section include, but are 
not limited to: 
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Federal Register / Vol. 76, No. 226 / Wednesday, November 23, 2011 / Presidential Documents 
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(i) the making of any contribution or provision of funds, goods, or services 
by, to, or for the benefit of any sanctioned person whose property and 
interests in property are blocked pursuant to this order; and 
(ii) the receipt of any contribution or provision of funds, goods, or services 
from any such sanctioned person. 
(d) The prohibitions in subsection (a) of this section apply except to 
the extent provided by statutes, or 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. 
Sec. 4. (a) Any transaction by a United States person or within the United 
States that evades or avoids, has the purpose of evading or avoiding, causes 
a violation of, or attempts to violate any of the prohibitions set forth in 
this order is prohibited. 
(b) Any conspiracy formed to violate any of the prohibitions set forth 
in this order is prohibited. 
Sec. 5. 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, group, subgroup, 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 or any jurisdiction within the United States (including foreign 
branches), or any person in the United States; 
(d) the term ‘‘financial institution’’ includes (i) a depository institution 
(as defined in section 3(c)(1) of the Federal Deposit Insurance Act) (12 
U.S.C. 1813(c)(1)), including a branch or agency of a foreign bank (as defined 
in section 1(b)(7) of the International Banking Act of 1978) (12 U.S.C. 
3101(7)); (ii) a credit union; (iii) a securities firm, including a broker or 
dealer; (iv) an insurance company, including an agency or underwriter; 
and (v) any other company that provides financial services; 
(e) the term ‘‘United States financial institution’’ means a financial institu-
tion (including its foreign branches) organized under the laws of the United 
States or any jurisdiction within the United States or located in the United 
States; 
(f) the term ‘‘sanctioned person’’ means a person on whom the Secretary 
of State, in accordance with the terms of section 1 of this order, has deter-
mined to impose sanctions pursuant to section 1; 
(g) the term ‘‘to develop’’ petroleum resources means to explore for, or 
to extract, refine, or transport by pipeline, petroleum resources; 
(h) the term ‘‘Iran’’ means the Government of Iran and the territory of 
Iran and any other territory or marine area, including the exclusive economic 
zone and continental shelf, over which the Government of Iran claims sov-
ereignty, sovereign rights, or jurisdiction, provided that the Government 
of Iran exercises partial or total de facto control over the area or derives 
a benefit from economic activity in the area pursuant to international arrange-
ments; 
(i) the term ‘‘Government of Iran’’ includes the Government of Iran, any 
political subdivision, agency, or instrumentality thereof, and any person 
owned or controlled by, or acting for or on behalf of, the Government 
of Iran; 
(j) the term ‘‘knowingly,’’ with respect to a conduct, a circumstance, 
or a result, means that the person has actual knowledge, or should have 
known, of the conduct, the circumstance, or the result; 
(k) the term ‘‘petroleum resources’’ includes petroleum, oil, natural gas, 
liquefied natural gas, and refined petroleum products; 
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(l) the term ‘‘refined petroleum products’’ means diesel, gasoline, jet fuel 
(including naptha-type and kerosene-type jet fuel), and aviation gasoline; 
and 
(m) the term ‘‘petrochemical products’’ includes any aromatic, olefin, and 
synthesis gas, and any of their derivatives, including ethylene, propylene, 
butadiene, benzene, toluene, xylene, ammonia, methanol, and urea. 
Sec. 6. For those persons whose property and interests in property are 
blocked pursuant to this order who might have a constitutional presence 
in the United States, I find that because of the ability to transfer funds 
or other assets instantaneously, prior notice to such persons of measures 
to be taken pursuant to section 3(a)(iv) of this order would render those 
measures ineffectual. I therefore determine that for these measures to be 
effective in addressing the national emergency declared in Executive Order 
12957, there need be no prior notice of an action taken pursuant to section 
3(a)(iv) of this order. 
Sec. 7. 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 the President 
by IEEPA as may be necessary to carry out the purposes of section 3 
of this order. The Secretary of the Treasury may redelegate any of these 
functions to other officers and agencies of the United States Government 
consistent with applicable law. 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. 8. This order is not intended to, and does not, create any right or 
benefit, substantive or procedural, enforceable at law or in equity by any 
party against the United States, its departments, agencies, or entities, its 
officers, employees, or agents, or any other person. 
Sec. 9. The measures taken pursuant to this order are in response to actions 
of the Government of Iran occurring after the conclusion of the 1981 Algiers 
Accords, and are intended solely as a response to those later actions. 
Sec. 10. This order is effective at 12:01 a.m. eastern standard time on 
November 21, 2011. 
THE WHITE HOUSE, 
November 20, 2011. 
[FR Doc. 2011–30463 
Filed 11–22–11; 11:15 am] 
Billing code 3295–F2–P 
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