[Federal Register Volume 73, Number 147 (Wednesday, July 30, 2008)]
[Notices]
[Pages 44279-44280]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-17388]
-----------------------------------------------------------------------
DEPARTMENT OF THE INTERIOR
Minerals Management Service
Notice of Royalty-in-Kind (RIK) Eligible Refiner Program
Continuation and Sale
AGENCY: Minerals Management Service, Interior.
ACTION: Notice of RIK Eligible Refiner Program Continuation and Sale.
-----------------------------------------------------------------------
SUMMARY: On behalf of the Secretary of the Interior (Secretary), the
Minerals Management Service (MMS) has made a determination that
sufficient need exists among eligible refining companies to justify
taking royalty oil in kind and offering this oil for sale to eligible
refiners. As a result of this determination, a sale of Federal royalty
oil for eligible refiners will be held the end of July 2008. Regarding
this sale of Federal royalty oil, please reference the RIK Invitation
for Offer, which is located at http://www.mrm.mms.gov/RIKweb/SmallRefiners.htm.
DATES: The sale will be held on August 5-6, 2008.
FOR FURTHER INFORMATION, CONTACT: Colin Bosworth, at (303) 231-3186,
FAX (303) 231-3846, or e-mail [email protected].
SUPPLEMENTARY INFORMATION: The MMS published a notice in the Federal
Register on January 16, 2008 (73 FR 2938) seeking comments on eligible
refiners' experience in gaining access to adequate supplies of crude
oil at equitable prices. The MMS received comments from five eligible
refiners and one major oil company. Three of the small refiners
responded that there was a need to continue the RIK eligible refiner
crude oil program.
Under 30 CFR 208.4(a), the Secretary determines whether eligible
refiners have access to adequate supplies of crude oil at equitable
prices.
[[Page 44280]]
On behalf of the Secretary, the MMS, based on its analysis, has
decided at this time to continue the sale of royalty crude oil to
eligible refiners. The MMM's determination is based on the fact that
eligible refiners have expressed real concerns about the lack of stable
access to the marketplace and the significant volatility of oil prices.
Eligible refiners also continue to play a prominent role in providing
jet fuel to the U.S. Department of Defense, which makes the eligible
refiner oil program an important contributor to national security.
Dated: July 11, 2008.
Gregory J. Gould,
Associate Director for Minerals Revenue Management.
[FR Doc. E8-17388 Filed 7-29-08; 8:45 am]
BILLING CODE 4310-MR-P