Reading Room Document

Presidential Approval of Naval Petroleum Reserve Contract

The document is a memorandum opinion regarding the Presidential approval of Naval Petroleum Reserve Contract NOd 4219-2664. The conclusion reached in the document is that the contract does not require Presidential approval as it does not fall within the categories enumerated by 10 U.S.C. § 7431(a). The questions presented for review include whether the contract required Presidential approval, the possible diminution of the rights of the United States with respect to ownership of the reserves, production, or sale of petroleum from the reserves, and the receipt of moneys due to the United States on account of the reserves.

December 14, 1977