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About: Petroleum and Submarine Pipe-lines Act 1975     Goto   Sponge   NotDistinct   Permalink

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The Petroleum and Submarine Pipe-lines Act 1975 (1975 chapter 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.