HC Deb 07 July 1975 vol 895 c26W
Mr. Skeet

asked the Secretary of State for Energy whether BNOC royalty oil will be marketed under bulk supply agreements negotiated between Governments or under exchange agreements with Middle East countries, including Iran.

Mr. Benn

It is too early to say what decisions will be reached on the use of the proposed discretionary power to take royalty as oil instead of cash or on how such oil might be marketed.

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