§ Mr. Skeetasked the Secretary of State for Energy whether the British National Oil Corporation's oil counts against the 90-day requirements of stocks laid down under the Economic Community Regulations.
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§ Dr. J. Dickson MabonThe United Kingdom's oil-stocking obligation under Council Directives 68/414/EEC and 72/425/EEC is met by issuing directions under Section 6 of the Energy Act 1976 to those undertakings in the United Kingdom which supply petroleum products into United Kingdom inland consumption, requiring them to hold stocks at levels related to their sales in the previous calendar year. Since the British National Oil Corporation does not at present fall into this category, any oil in its possession does not count towards the obligation.