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DEPARTMENT OF COMMERCE
Foreign-Trade Zones Board
[Docket 58-97]
Foreign-Trade Zone 25--Broward County, Florida; Application for
Foreign-Trade Subzone Status; CITGO Petroleum Corporation; (Petroleum
Product Storage) Broward County, Florida
An application has been submitted to the Foreign-Trade Zones Board
(the Board) by Broward County, Florida, grantee of FTZ 25, requesting
special-purpose subzone status for the petroleum product storage
facility of CITGO Petroleum Corporation (CITGO) (an indirect subsidiary
of Petroleos de Venezuela, S.A., the national oil company of
Venezuela), located in Broward County, Florida. The application was
submitted pursuant to the provisions of the Foreign-Trade Zones Act, as
amended (19 U.S.C. 81a-81u), and the regulations of the Board (15 CFR
part 400). It was formally filed on July 7, 1997.
The CITGO facility (14 acres, 10 tanks/ 590,000 barrel capacity) is
located at 801 Southeast 28th Street, Broward County, Florida, south of
Fort Lauderdale. The storage facility (7 employees) is currently used
for the
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storage and distribution of jet fuel for the Miami, Fort Lauderdale and
West Palm Beach airports. The company is also planning to use the
facility to store and distribute other petroleum products, such as
gasoline, diesel fuel and distillate fuels. Some of the products are or
will be sourced from abroad or from U.S. refineries under FTZ
procedures.
Zone procedures would exempt CITGO from Customs duties and federal
excise taxes on foreign status jet fuel used for international flights.
On domestic sales, the company would be able to defer Customs duty
payments until the products leave the facility. The application
indicates that the savings from FTZ procedures will help improve the
facility's international competitiveness.
No specific manufacturing request is being made at this time. Such
a request would be made to the Board on a case-by-case basis.
In accordance with the Board's regulations, a member of the FTZ
Staff has been designated examiner to investigate the application and
report to the Board.
Public comment is invited from interested parties. Submissions
(original and 3 copies) shall be addressed to the Board's Executive
Secretary at the address below. The closing period for their receipt is
September 19, 1997. Rebuttal comments in response to material submitted
during the foregoing period may be submitted during the subsequent 15-
day period (to October 6, 1997).
A copy of the application and accompanying exhibits will be
available for public inspection at each of the following locations:
Office of the Port Director, U.S. Customs Service, P.O. Box 13123, Port
Everglades Station, Ft. Lauderdale, Florida 33316
Office of the Executive Secretary, Foreign-Trade Zones Board, Room
3716, U.S. Department of Commerce, 14th & Pennsylvania Avenue, NW,
Washington, DC 20230.
Dated: July 11, 1997.
John J. Da Ponte, Jr.,
Executive Secretary.
[FR Doc. 97-19015 Filed 7-18-97; 8:45 am]
BILLING CODE 3510-DS-P