Antitrust Favors LUKoil

Bulgarian units of LUKoil have not abused their dominant market positions, the country's Commission for Protection of Competition concluded Monday after an investigation lasting almost a year.

The commission examined LUKoil's trade relations with its wholesale clients, paying special attention to its discount policies, and concluded there had not been any breach of fair competition.

The commission said that Bulgaria had mechanisms in place that effectively prevented abuses in the markets for the widely used A-95 gasoline and for diesel. The commission also ruled that LUKoil's Bulgarian refinery and jet fuel trading company have not abused their dominant market position in jet fuel supplies.

(Reuters)

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