§ Lord Hyltonasked Her Majesty's Government:
Whether any British companies are involved directly or indirectly in exploiting the natural resources of Tibet. [HL1929]
§ Baroness Symons of Vernham DeanBP Amoco is indirectly involved in a project on Tibet, having invested $580 million in PetroChina, a subsidiary of China National Petroleum Corporation. PetroChina is building the 950km Sebei-Lanzhou pipeline from the Tibetan plateau to north west China. The project is one of 10 under the Beijing Government's Develop the West policy. BP is also investing in Sinopec, which hold the rights to Tibet's Lunpola field, the world's highest oil field. I am aware of no other projects.