§ Mr. Fauldsasked the Secretary of State for Energy what was the average dollar price per barrel of oil from the North sea fields sold to the British National Oil Corporation in each month in 1984; and what was the price the British National Oil Corporation paid for it.
§ Mr. Buchanan-SmithThe average dollar price per barrel of oil purchase by the British National Oil Corporation under the participation agreements was $30.00 from 1 January to 17 October 1984 and $28.65 from then to the end of the year for Brent blend. (Prices for other grades were set at appropriate differentials varying between $1.00 less than Brent blend and $0.35 more than Brent blend). Prices paid for other oil, and prices received by BNOC in respect of its sales, are commercially confidential.