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2008 November 25   09:00

Gazprom Neft, TNK-BP fined for dominant position abuse

The Federal Anti-Monopoly Service has fined Gazprom Neft and TNK-BP more than RUB 1bn (approx. USD 36.15m) each for abusing their dominant positions on the market, the antitrust watchdog told RBC.

Earlier, the service urged the oil companies to bring down their oil product prices and put an end to discriminatory pricing. The government agency also announced that it had postponed the decision to fine Gazprom Neft and TNK-BP until November 24 to give them time to fulfill its demands.

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