§ Mr. Skeetasked the Secretary of State for Foreign and Commonwealth Affairs when British oil companies or British petroleum interests are called upon to negotiate with the Organisation of the Petroleum Exporting Countries or member States over the future of their interests, whether he will make representations to ensure that the original contractual terms are complied with, or that if percentage participation is insisted upon by certain member States in contravention of these agreements, such participation should only be conceded on the basis of full market value being paid for the investment acquired.
§ Mr. KershawSince the discussions between the O.P.E.C. States and the oil companies on this extremely complex issue are still in their initial stages it would be premature for Her Majesty's Government to decide what action to take in what for the present are hypothetical circumstances.