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Mundell Takes Hands Off Approach to INEOS and PetroChina

Michael Connarty:

To ask the Secretary of State for Scotland what discussions he has had with INEOS Grangemouth and PetrocChina on their agreement for technology sharing in the field of petro-chemicals. [41116]

David Mundell: The arrangement, including the technology sharing agreement, was a commercial matter between the two companies. The Government fully support an open, market-based approach to the development of the downstream oil sector, and welcome inward investment that benefits UK companies, providing a platform for growth in the wider economy.

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