Former MP, Bootle
I am glad at last to get into this debate. I thought for a moment that I would not manage it. There is a lot of good sense in what the hon. Member for Bridgwater (Mr. King) said in his closing remarks on what I regard as part (a) of the motion. The hon. Member for Ross and Cromarty (Mr. Gray) asked about BP. It is true that we decided to retain no more than 51 per cent. of the shares of BP...
The answer to the second part of the question is"Yes ", but I think my hon. Friend would be the first to concede that the so-called two-thirds rule is best expressed in the words of the then Secretary of State for Energy in 1974 that we might reasonably expect up to two-thirds of North Sea oil to be refined in the United Kingdom."—[Official Report, 6th December 1974: Vol. 882, c. 647.]...
We cannot give figures for individual companies or for BNOC, because that would be a breach of commercial confidentiality, but the rule applies across the board.
Former MP for Bootle
Entered the House of Commons on 26 May 1955 — General election
Left the House of Commons on 7 April 1979 — General election
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