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Participation Agreements

Volume 990: debated on Monday 4 August 1980

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asked the Secretary of State for Energy how many participation agreements have been negotiated between the British National Oil Company and companies operating on the continental shelf; and whether provision has been made in all or any of them for the benefit to be assigned or transferred to a third party at his choice.

Participation agreements have been concluded with the 62 companies listed in appendix 13 to my report to Parliament of July 1979 "Development of the oil and gas resources of the United

IMPORTS AND EXPORTS OF COAL, COKE AND BRIQUETTES* 1979
'000 tonnesImports £ million (cif)£/tonne'000 tonnesExports £ million (fob)£/tonne
Belgium/Luxembourg14,09950235·61,1475245·5
Denmark7,72913817·961459·0
Federal Republic of Germany10,58724323·027,7891,25645·2
France29,53078326·52,19110246·5
Ireland1,2884635·6245833·8
Italy14,15842229·86593452·1
Netherlands7,72721928·31,8955830·7
United Kingdom4,74115733·13,25410131·0
European Community89,8592,51027·937,2411,61543·4
* Division 32 of the Standard International Trade Classification (Revision 2). The figures include intra-Community trade.

Source: Eurostat.

Kingdom"—the "Brown Book". Most of the agreements entitle the British National Oil Corporation, subject to various qualifications, to assign all or part of its rights under the agreements to a subsidiary, to another State corporation or to a subsidiary of another State corporation.