§ 113. Mr. Alisonasked the Minister of Power what facilities and encouragement are offered to foreign oil companies to invest in oil refinery facilities in the United Kingdom; and how many such companies are at present known to be contemplating such investment.
§ Mr. MarshForeign oil companies are encouraged to refine in the United Kingdom when the scale of their business justifies it. To facilitate this, Departments ensure that statutory and administrative procedures are carried out as speedily as possible. Under the Industrial Development Act, grants are available for investment in new plant and machinery at refineries. Three new refineries are now being built by foreign companies and other foreign companies are actively investigating the economics of refinery construction, including extensions to existing refineries.