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Russia: Oil giants face renewed antitrust crackdown

 |  November 5, 2014

Russia’s Federal Antimonopoly Service has launched a new investigation into the business practices of major oil producers, including Rosneft and Bashneft.

According to reports, Rosneft, Bashneft, Lukoil and a Lukoil subsidiary are under scrutiny following gasoline price hikes. The FAS launched an investigation into those hikes after analysis found that they occurred at a greater rate than inflation.

The investigation compounds antitrust troubles for Bashneft, which came under fire following allegations of manipulation and fraud during its privatization process.

Full content: Rapsi News

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