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Coal Industry Act 1977

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This is the original version (as it was originally enacted).

9Activities relating to petroleum

(1)The Board shall have power to carry on any activities consisting of—

(a)the acquisition and treatment of petroleum,

(b)the manufacture and sale of products of petroleum, or

(c)the treatment of products of petroleum for the purpose of rendering them saleable,

if it appears to the Board that those activities will or may ultimately provide an outlet for coal or products of coal, or may lead to the development of chemical processes or methods, or acquisition of commercial, industry or technological experience or knowledge which may lead to new or improved uses of coal or products of coal.

(2)The functions of the Board shall include the carrying on of such activities as it may appear to the Board to be requisite, advantageous or convenient for them to carry on for or in connection with the exercise of their powers under subsection (1) above.

(3)The Board shall have power to do anything and to enter into any transaction (whether or not involving expenditure, borrowing or lending, or the acquisition of any property or rights) which in the opinion of the Board is calculated to facilitate the proper exercise of their powers under this section, or is incidental or conducive to the exercise of those powers.

(4)The provisions of this section are without prejudice to the duties and powers conferred on the Board by section 1 of the Act of 1946.

(5)In this section and section 10 below " petroleum " means any of the following (other than coal) namely—

(a)mineral oil, natural gas and bituminous shales;

(b)deposits not mentioned in the proceding paragraph from which oil can be extracted by destructive distillation; and

(c)hydrocarbons which are related to mineral oil and are not mentioned in the preceding paragraphs.

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