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North Sea Oil (Participation Agreements)

Volume 982: debated on Tuesday 1 April 1980

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asked the Secretary of State for Energy if he will renegotiate participation agreements to enable companies which have become short of crude oil through the Organisation of Petroleum Exporting Countries policies to have greater access to their own oil which is currently being made available up to a substantial percentage to the British National Oil Corporation.

I refer my hon. Friend to the reply I gave him on 24 January 1980.—[Vol. 977, c. 325–26.]