Daughter of Gazprom Neft has paid 65.9 million rubles fine for violation of the antimonopoly legislation

August 21, 2009 JSC Gazprom Neft-Kuzbass has paid a fine of 65 899 851 rubles for violating the antimonopoly legislation, the report said FAS.

In 2008, the Kemerovo FAS acknowledged the company had violated Part 1 Article 10 of the Law on Protection of Competition, setting the facts of the abuse of the company to its dominant position in wholesale and retail sales.

Daughter of Gazprom Neft set unreasonably different prices realized in transit and petroleum tank farms, as well as increased the wholesale selling prices of oil products sold to the oil storage tanks, with a slight increase in retail prices for their own gas stations. This led to the convergence level of wholesale and retail prices from April to July 2008. For certain types of fuel wholesale prices even higher than retail, noted in the announcement of the antimonopoly authority.

These actions are to prevent competitors from JSC Gazprom Neft-Kuzbass on the retail market of oil products to incorporate in the price of trading allowances in amounts to ensure their cost recovery and profit. In such circumstances, the activities of economic entities in the retail market of petroleum products has become unprofitable. Ultimately this may lead to the elimination of individual companies from the market.

Kemerovo FAS Russia issued an oil company's determination to stop violating the antimonopoly legislation. It contained requirements aimed at ensuring competition. Oil company charged with executing.

July 30, 2009 The courts of appeal - the Federal Arbitration Court of the West Siberian district - confirmed the legality and validity of the decision of the Kemerovo FAS Russia regarding the JSC Gazprom Neft-Kuzbass.

In general, Kemerovo FAS Russia granted by the court, which confirmed the fact of violation of antimonopoly legislation, for which the JSC Gazprom Neft-Kuzbass punished administratively. In this case, was of fundamental importance not so much the amount of the fine, as confirmed by the courts of a violation antimonopoly legislation in the actions of the oil company , - considers the head of the Kemerovo FAS Russia Natalia Kukharskaya.
Tax registered 660 Kiev residents with incomes of more than 1 million hryvnia in 2008
To date, Russia's stock quotes marking near the zero mark with a spread in average percentage
Top gainers are paper Avtovaz , Volgatelekoma , Uralsvyazinform
Blue chips mainly cheaper, the leaders of the decline - shares Polyus Gold
Recommendations for market shares: LUKoil, Norilsk Nickel, Rostelecom, Gazprom, Mosenergo, Surgutneftegaz, Sberbank
The courts have confirmed the legality of the decision on the recognition of FAS subsidiaries of Rosneft, and LUKoil have violated the competition law
European stock markets declined on the basis of trading environment on the background of fixed income investors
Futures on major U.S. indexes show a moderate negative dynamics
Dollar exchange rate has risen - day review of the cash markets

This entry was posted in Company News. Bookmark the permalink. Post a comment or leave a trackback: Trackback URL.

Post a Comment

Your email is never published nor shared. Required fields are marked *

*
*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>