HC Deb 28 March 1983 vol 40 cc20-1W
21. Mr. Skeet

asked the Secretary of State for Energy what are the prospects for the price of North Sea oil.

Mr. Lawson

North Sea oil prices are determined by the market.

Mr. Skeet

asked the Secretary of State for Energy how many oil companies have expressed their readiness to purchase North sea crude oil at the recommended reference price of $30.50 a barrel; and how many companies have suggested a downward revision of price.

Mr. Gray

None. Oil companies negotiate prices with BNOC, not with the Department of Energy.