Repsol Tosses Supply Contracts, Opening Market

Law360, New York (April 12, 2006, 12:00 AM EDT) -- Ending an antitrust probe by the European Commission, Spanish oil giant Repsol CPP has agreed to end long-term exclusive gasoline supply contracts that have long been under fire by E.U. regulators, a move that will give hundreds of Spanish service stations the option to choose between gasoline suppliers for the first time.

“Competition in the Spanish petrol stations market is hampered by many long-term exclusive supply agreements. Repsol, the largest supplier in the Spanish market, has agreed to give up all of them,” said E.U. Competition...
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