Petroleum and Submarine Pipe-lines Act 1975
| Act of Parliament | |
| Long title | An Act to establish the British National Oil Corporation and make provision with respect to the functions of the Corporation; to make further provision about licences to search for and get petroleum and about submarine pipe-lines and refineries; to authorise loans and guarantees in connection with the development of the petroleum resources of the United Kingdom and payments in respect of certain guarantees and loans by the Bank of England; and for purposes connected with the matters aforesaid. |
|---|---|
| Citation | 1975 c. 74 |
| Introduced by | Eric Varley (second reading) (Commons) |
| Territorial extent | UK and offshore |
| Dates | |
| Royal assent | 12 November 1975 |
| Commencement | 12 November 1975 |
| Other legislation | |
| Repealed by | Petroleum Act 1998 |
Status: Repealed | |
The Petroleum and Submarine Pipe-lines Act 1975 (c. 74) was an act of the Parliament of the United Kingdom which addressed the licensing, ownership, exploitation, production, transportation, processing and refining of petroleum and petroleum products in the UK. Enacted in 1975 when the UK’s first North Sea oil was produced, the act aimed to provide greater public control of the oil industry. The act established the British National Oil Corporation and a National Oil Account; modified the conditions of petroleum licences; controlled the construction and use of underground pipelines; and controlled the development of oil refineries.