RUMANIAN OIL (BRITISH INTERESTS)

HC Deb 23 October 1946 vol 427 cc403-4W

150. Mr. Swingler

asked the Minister of Fuel and Power what is the nature and extent of British financial interests in Rumanian oilfields.

Mr. Gaitskell

British interests in Rumanian oil production are represented through four oil companies in which there is a majority British participation and through one company with a minority British participation. The five companies dispose of assets in Rumania valued at -£22 million and control about half of Rumania's total oil production, namely, 2,200,000 tons out of an annual production of 4,300,000 tons.