Skip to main content

Oil Companies

Volume 228: debated on Monday 12 July 1993

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

To ask the Chancellor of the Exchequer if he will estimate the additional yield to the Exchequer if oil companies had only 24 hours to nominate an actual third-party transaction to match its equity production from the oilfield for 1993–94.

[holding answer 9 July 1993]: The yield would probably be less than £10 million with oil price volatility at present levels.