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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.

Full content: Reuters

 

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

 

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