Sec. 101. Applicability of sanctions with respect to petroleum transactions
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Section 1245(d)(4)(D)(i) of the National Defense Authorization Act for Fiscal Year 2012 ( 22 U.S.C. 8513a(d)(4)(D)(i) ) is amended— in subclause (I), by striking reduced reduced its volume of crude oil purchases from Iran and inserting reduced the volume of its purchases of petroleum from Iran or of Iranian origin ; and in subclause (II), by striking crude oil purchases from Iran and inserting purchases of petroleum from Iran or of Iranian origin . Section 1245(h) of the National Defense Authorization Act for Fiscal Year 2012 ( 22 U.S.C. 8513a(h) ) is amended— by redesignating paragraphs
(3)and
(4)as paragraphs
(5)and (6), respectively; and by inserting after paragraph
(2)the following: The term Iranian origin , with respect to petroleum, means extracted, produced, or refined in Iran. The term petroleum includes crude oil, lease condensates, fuel oils, and other unfinished oils. . Section 102(b) of the Iran Threat Reduction and Syria Human Rights Act of 2012 ( 22 U.S.C. 8712(b) ) is amended— in paragraph (3)— by striking crude oil purchases from Iran and inserting purchases of petroleum from Iran or of Iranian origin ; and by striking as amended by section 504, ; and in paragraph (4), by striking crude oil purchases and inserting purchases of petroleum from Iran or of Iranian origin . The amendments made by this section shall apply with respect to determinations under section 1245(d)(4)(D)(i) of the National Defense Authorization Act for Fiscal Year 2012 ( 22 U.S.C. 8513a(d)(4)(D)(i) ) on or after the date that is 90 days after the date of the enactment of this Act.
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