Lukoil Bulgaria EOOD
CPC Sealed Office of the Bulgarian Oil and Gas Association
The Commission for Protection of Competition (CPC) sealed the office of the Bulgarian Oil and Gas Association, the commission announced. This happened after a sudden on-site inspection. It was undertaken in the course of proceedings to establish possible infringements of the Treaty on the Functioning of the European Union in setting the prices of bulk automotive fuels.
Antitrust Watchdog Detects Conscious Parallelism Rather than Cartel in Fuel Market
"There is conscious parallelism rather than a cartel in fuel trade," Commission on Protection of Competition (CPC) Yulia Nenkova told journalists on Friday, according to BTA.
Fuel Traders Receive Ban on Exchanging Information
The Commission for Competition Protection has obliged the six companies under investigation for being a cartel when determining end prices to stop all contacts among themselves.
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Bulgaria's Lukoil Neftochim Remains Third Biggest Company in Southeast Europe
Lukoil Neftochim Burgas, the largest crude oil refinery in Southeastern Europe and the largest industrial enterprise in Bulgaria, retained its third position in the latest annual ranking of SeeNews released on Tuesday.
The company which specialises in the production of fuel, petrochemicals and polymers retained its ranking from 2013.
LukoilBulgaria CEO Elected Bulgarian Petroleum&Gas Association Chair
The Management Board of the Bulgarian Petroleum and Gas Association (BPGA) elected Valentin Zlatev, CEO of fuel retailer Lukoil Bulgaria EOOD, as its Chair.
Zlatev was elected BPGA Chair at a regular meeting of the Management Board of the BPGA on April 8.