Oil Companies (Government Participation Proposals)

Part of Oral Answers to Questions — Prices and Consumer Protection – in the House of Commons at 12:00 am on 2nd February 1976.

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Photo of Mr Harold Lever Mr Harold Lever , Manchester Central 12:00 am, 2nd February 1976

Satisfactory progress is continuing towards the first detailed agreements with companies that have accepted the principle of majority State participation. Useful discussions are also being held with a number of other companies, and I shall keep the House informed of further progress.