HC Deb 02 December 1981 vol 14 c117W
Mr. Skeet

asked the Secretary of State for Energy what funds are currently standing in the national oil account; and whether the account regulated by section 40 of the Petroleum and Submarine Pipe-Lines Act 1975 will be replaced by equity capital arrangements for the British National Oil Corporation.

Mr. Gray

The balance of funds in the national oil account on 31 October 1981 was £631 million. The Government's policy towards the future of BNOC was debated on 10 November—[Vol. 12, c. 429–507]. Details of the legislation will come forward in the normal way.

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