Regulacje i polityka gospodarcza · 19.12.1997
Record of Decision: Supplemental Environmental Impact Statement/ Program Environmental Impact Report for the Sale of Naval Petroleum Reserve No. 1 (Elk Hills), Kern County, California
The Department of Energy (DOE) is issuing this Record of Decision to proceed, subject to review by Congress, with the sale to Occidental Petroleum Corporation (Occidental) of all right, title, and interest of the United States in Naval Petroleum Reserve No. 1 (NPR-1) located in Kern County, California, in accordance with Title XXXIV of the National Defense Authorization Act for Fiscal Year 1996, Public Law 104-106 (hereinafter the ``Elk Hills Sales Statute'' or ``Act''). The Act requires that DOE undertake a process to sell NPR-1 in a manner consistent with commercial practices and in a manner that maximizes the proceeds to the Federal government. Furthermore, the Act requires DOE to complete the sale of NPR-1 by February 10, 1998, unless DOE and the Office of Management and Budget (OMB) jointly determine that (i) the sale is proceeding in a manner inconsistent with achievement of a sale price that reflects full value, or (ii) another course of action is in the best interests of the United States. The Act also specifies a process for determining the minimum acceptable price for the sale of NPR-1. Based on the analyses in the Supplemental Environmental Impact Statement/Program Envir