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Written question asked by Greg Hands (Conservative) on Monday, 22 May 2006, in the House of Commons. It was due for an answer on Wednesday, 24 May 2006. It was answered by John Healey (Labour) on Monday, 5 June 2006 on behalf of the Treasury.


Discounted Oil

Question
To ask the Chancellor of the Exchequer if he will make a statement on the potential economic impact on (a) London and (b) England of the supply to London of oil at discounted prices by Venezuela.
Answer

If Venezuela wishes to supply oil or oil products at discounted rates to the UK that is a commercial decision for Venezuela. We are not presently aware of any firm commitment by the Government of Venezuela to do so. In the absence of this and any specific details I am unable to speculate on the potential implications for the UK economy.


Secondary information

Type
Written question
Reference
73600; 447 c178W
Session
2005-06
Subjects
Oil Venezuela
Link
View this Written question on www.publications.parliament.uk