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Oil Supply

Volume 934: debated on Monday 27 June 1977

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asked the Secretary of State for Energy, under the European Community arrangements for sharing indigenous oil in the event of an oil crisis, which authority designates the cuts to be made by member countries and which authority authorises the retrenchment to be made.

There are no such arrangements. Our oil emergency arrangements are governed by the IEA oil emergency demand restraint and sharing scheme. The Community is, however, considering a scheme proposed by the Commission under which the Commission could, for two months during an an oil crisis, set a target for reducing consumption of petroleum products in the Community by up to 10 per cent. of normal consumption, and under which any further cuts would be a matter for Council decision on proposals by the Commission.

asked the Secretary of State for Energy, in an energy crisis situation in Europe, whether there is an agreement with EEC partners under which the United Kingdom could be obliged to curtail its self-sufficiency in crude oil and petroleum products in 1979, 1980 and thereafter to make additional supplies available to Community partners.