§ Mr. Skeetasked the Secretary of State for Energy whether he has considered the Venezuelan proposals aimed at swapping Venezuelan heavy oils for North Sea light oil; and if he will make a statement.
§ Dr. J. Dickson MabonThe possibility of exchanging North Sea crude oil for oil from Venezuela was one of the subjects raised during my recent visit to Venezuela. No specific proposal was made, but we have told the Venezuelans that if they do come forward with a detailed proposal we shall be prepared to consider it.