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Britoil

Volume 29: debated on Thursday 21 October 1982

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asked the Secretary of State for Energy if he has now formulated his plans for the sale of Britoil; and if he will make a statement.

The Government's plans for the sale of shares in Britoil were set out during the passage of the Oil and Gas (Enterprise) Bill. I have made it clear that final decisions about the sale of shares will depend, amongst other things, on market conditions at the time.