HC Deb 13 July 1976 vol 915 cc164-6W
Mr. Tim Renton

asked the Secretary of State for Energy what guidelines he expects to set for the export of oil and gas from the North Sea fields.

Dr. J. Dickson Mabon

We shall seek to get the best possible value from both of these products whether used domestically or exported. Because of the changing conditions of world oil markets and the inflexibility of gas export contracts it would be wrong to lay down rigid guidelines. For oil, the broad objectives of our policy, as announced on 6th December 1974, remain valid.

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