Skip to main content

British National Oil Corporation

Volume 976: debated on Tuesday 20 November 1979

The text on this page has been created from Hansard archive content, it may contain typographical errors.

asked the Secretary of State for Energy in what manner the practice of the British National Oil Corporation differs from companies in the private sector in the pricing of crude oil.

I understand that BNOC negotiates prices of crude oil with its customers on an individual basis having regard to the market prices prevailing for similar crudes. I believe the private sector companies' practices are similar.