Transcript 4308
FOR PRESS 1 February 1977
CRUDE OIL PRICING
The Cabinet commenced today its discussions on crude oil pricing
arising out of the I. A. C. Report of 30 September, 1976.
Consideration of the Report has been deferred until now ' because
of the absence of the Minister for National Resources, and this
is the first opportunity Cabinet has had to discuss the Report
with the Minister for National Resources present.
The Report is concerned with -the price to be paid to producers
to September 1980 of crude oil. from known fields.