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Energy majors may see FAS in court over lack of information

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Published 07 August, 2008, 06:49

Russia's Federal Anti-Monopoly Service is considering taking legal measures against several oil companies IT says have refused to disclose information on fuel prices. The FAS is investigating whether large firms have abused their “dominant position” – keeping market prices high.

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The move comes after Prime Minister Vladimir Putin criticized the agency for its failure to keep petrol and jet fuel prices under control.

Lukoil, Gazprom Neft, TNK-BP, Rosneft, and Surgutneftegas were all requested to submit information to authorities by August 1st. But, the FAS says Surgutneftegas was the only company to do so.

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