HC Deb 19 June 1979 vol 968 cc498-9W
Mr. Skeet

asked the Secretary of State for Energy whether it was the commercial decision of the British National Oil Corporation that North Sea oil prices should match those of North African Organisation of Petroleum Exporting Countries or whether the corporation followed his recommendations.

Mr. Gray

Prices of North Sea crude, including that traded by the British National Oil Corporation, are determined by negotiation between buyer and seller and follow world market prices for comparable crudes.