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British National Oil Corporation

Volume 894: debated on Thursday 26 June 1975

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41.

asked the Secretary of State for Energy what is the estimate of the cost of establishing the British National Oil Corporation.

The costs of the organising committee which will prepare for the establishment of BNOC are not at present expected to exceed about £1 million. The further administrative costs involved once the corporation is in being will depend on the rate of its build up.