Abstract
The sale of Britain’s oil assets occurred during a ten-year period, 1977–87, and involved nine separate sales, with sizes ranging from just over £200 million for Wytch Farm to £5.5 billion for the last tranche of BP shares. The government received £8.5 billion in total for the sales, the biggest yield from any single industry sector in the privatisation programme (Vickers and Yarrow, 1988, p. 316). The costs of the privatisation are conservatively estimated at £223 million. See the summary in Table 3.1.
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© 1997 Stephanie M. Hoopes
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Hoopes, S.M. (1997). The Sequencing of the Oil Asset Sales in Britain. In: Oil Privatization, Public Choice and International Forces. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-25103-2_3
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DOI: https://doi.org/10.1007/978-1-349-25103-2_3
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-25105-6
Online ISBN: 978-1-349-25103-2
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