Romanian Top Oil Players Slapped With Hefty Fines In Fuel Probe - Sources
Romania’s top oil companies were fined with amounts of up to 3% of their sales reported for 2010 following a probe into the local fuel market, people familiar with the situation told MEDIAFAX Tuesday.
The country’s antitrust regulator is due to release later today the conclusion of an investigation against six oil companies suspected of having reached an understanding to withdraw a type of fuel from the market back in 2008.
The shares of Romania’s largest two oil companies OMV Petrom (SNP.RO) and Rompetrol Rafinare (RRC.RO) have been suspended from trading pending the results.
Apart from Petrom and Rompetrol, the competition watchdog has probed the activities of OMV, MOL, Agip and Lukoil.
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