A PYMNTS Company

Lukoil Bulgaria cleared of market abuse charges

By  |  July 30, 2012

After a nearly a year of investigating, the Commission for Protection of Competition (CPC) in Bulgaria announced the Bulgarian office of Russian Oil Company Lukoil had not breached any competition laws. The CPC scrutinized the company’s discount policies in particular, but found that “Bulgaria had mechanisms in place that effectively prevented abuses in the market.” However, the CPC is not done with Lukoil, as a new investigation launched in March of this year is ongoing – probing alleged price-fixing by LUKOIL and three other oil companies.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full content: Reuters

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

     

    Related content:  A Short Guide to the Prosecution of “Market Manipulation” in the Energy Industry: CFTC, FERC, and FTC

     

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.