§ Mr. Skeetasked the Secretary of State for Energy, for sales on the spot market by the British National Oil Corporation, whether Her Majesty's Government sustain the loss incurred through selling at spot prices rather than at the higher recommended reference prices.
§ Mr. GrayDetails of BNOC's disposals are a matter for the corporation. Use of the Government's powers to make a grant under section 6 of the Oil and Gas (Enterprise) Act 1982 would depend on the corporation's overall position in trading participation oil.