Romanian Antitrust Watchdog Fines Oil Cos. $258M

Law360, New York (January 10, 2012, 1:58 PM EST) -- Romania’s antitrust watchdog fined six oil companies including Moscow-based Lukoil and Italian conglomerate Eni SpA a total of 880.5 million lei ($258 million) for competition violations, the regulator said Tuesday.

The country’s Competition Council said it was fining OMV-owned Petrom, the county’s top oil producer and one of the largest gas and oil producers in Eastern Europe, one of its subsidiaries, as well as the local units of Lukoil, Eni SpA, Dutch energy giant Rompetrol Group NV and Budapest-based Mol Group.

The named subsidiaries are SC...
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