Oil Licensing Called Unfair
(N.Z. Press Assn.—Copyright) CANBERRA, Aug. 24. The present system of granting off-shore oil leases destroyed initiative and operated against small Australian companies, Sir Harold Raggatt said. Big companies with financial backing were able to “sit on the sidelines” then move in when a small company had a development idea, he said. Sir Harold Raggatt, the former Secretary of the Department of National Development, is now a director of Ampol Exploration and a consultant to the B.H.P. company.
He was giving evidence before the Senate Select Committee on off-shore petroleum resources in Australia.
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Press, Volume CVIII, Issue 31767, 26 August 1968, Page 16
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96Oil Licensing Called Unfair Press, Volume CVIII, Issue 31767, 26 August 1968, Page 16
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