TNK-BP Gas Prices Face Russian Antitrust Scrutiny

Law360, New York (October 7, 2011, 6:48 PM EDT) -- Russia's competition watchdog said Friday that it had opened a new probe into irregularly high gas prices at TNK-BP Holding and Bashneft, months after the agency targeted the nation's three biggest oil companies in similar investigations.

The Federal Antimonopoly Service said that it saw gas prices rise irregularly beginning in March, and that the biggest growth occurred at TNK-BP and Bashneft — by more than 30 percent for some types of gas, according to a statement.

Representatives for BP PLC and Bashneft did not immediately reply...
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