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EO 12538Executive OrderReagan · R

Executive Order 12538

Imports of refined petroleum products from Libya

This executive order bans the importation of refined petroleum products from Libya into the United States and its territories, closing a loophole that allowed Libya to circumvent earlier prohibitions on crude oil imports. The order takes effect immediately but allows a two-day grace period for products already loaded onto vessels.

50 FR 47527
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Impact dates

  1. Grace period ends: petroleum products loaded aboard vessels after this date are prohibited

Key directives

  • Prohibit import of all petroleum products refined in Libya into U.S. and territories
  • Exempt products loaded aboard vessels before two days after effective date
  • Apply prohibition to specified Tariff Schedule item numbers (475.05-475.70)
  • Authorize Treasury Secretary to issue implementing rulings, instructions, and regulations
  • Require Treasury Secretary to consult with Secretaries of State and Energy before issuing regulations

Who is ordered

Timeline

Immediate

  • Import ban takes effect immediately upon signing
  • Petroleum products loaded on vessels before November 17, 1985 exempted

Near term (90d)

  • Secretary of Treasury to issue implementing rulings, instructions, or regulations after consultation with State and Energy

Long term

  • Sustained prohibition on Libyan refined petroleum imports until lifted by subsequent action

Risks & tensions

  • Potential oil market disruption or price effects from reduced supply source
  • Retaliatory measures by Libya against U.S. interests or personnel
  • Enforcement challenges in verifying refining origin of petroleum products
  • Coordination required between Treasury, State, and Energy departments on implementation
Executive Order 12538: Imports of refined petroleum products from Libya · Executive Orders