United States: Presidential Determination 2027-01 waives Defense Production Act section 303 requirements for petroleum capacity

Key points

• The covered capacity includes exploration and production, gathering and transmission pipelines, storage, and marine terminals for petroleum.Federal Register
• The determination finds industry cannot reasonably provide the capacity in a timely manner because of constrained financing, long lead times, and permitting bottlenecks.Federal Register
• Purchases, purchase commitments, and financial support for production capability are found to be the most cost-effective and practical alternative methods available.Federal Register
• The determination cites the national energy emergency declared in Executive Order 14156 of January 20, 2025; the waiver is made under section 303(a)(7).Federal Register
• The Secretary of War implements the determination, including purchases, commitments, and financial instruments that enable the covered projects.Federal Register
• The determination is published at 91 FR 68011 as FR Doc. 2026-22052 and is dated October 22, 2026.all 1 sources

Sources1 article across 1 outlet

• Federal Register

  • Presidential Determination Pursuant to Section 303 of the Defense Production Act of 1950, as Amended, on Domestic Petroleum Production, Refining, and Logistics CapacityOct. 28, 2026

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