Court Rejects MOL”s Claim To Have Antitrust Fine Annulled

The Bucharest Court of Appeals has overruled Hungarian oil group MOL”s claim to have a RON80.2 million antitrust fine annulled, upholding the Competition Council”s decision.

The decision may be appealed.

„We”ve won a case in the oil industry, where we fined oil companies EUR200 million. The Bucharest Court of Appeals issued a first ruling, in the case raised by MOL. There are seven trials, I think, I expect the company will appeal, but we”re happy with the ruling,” Competition Council president Bogdan Chiritoiu at a conference organized Thursday by financial daily Ziarul Financiar.

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At the beginning of the year, Romania”s antirust body announced it fined OMV Petrom Marketing, OMV Petrom, Rompetrol Downstream, ENI Romania, MOL Romania Petroleum Products, and Lukoil Romania with 3% of their 2010 turnovers, amounting to a total of EUR200 million, a record for Romania and the only antitrust fine on the fuel market in the EU.