The company abused its dominant market position by restricting access to warehouses and infrastructure.
In Bulgaria, a Russian oil company Lukoil must pay 100 million euros for abuse of dominance by restricting access to tax warehouses and transport infrastructure. This was reported by Euractiv.
The Commission for the Protection of Competition found that Lukoil violated the law by preventing importers and manufacturers of motor fuels from accessing their own warehouses.
The company has limited imports by sea, blocking warehouses connected to the Rosenets and Petrol-Varna oil terminals, and not providing access to the group’s oil product pipelines for fuel transportation to other producers and importers.
“This may lead to the prevention, restriction or distortion of competition and affect the interests of consumers due to restrictions on the import of motor fuels in the country,” said the commission.
It will be remembered that earlier in Bulgaria, Lukoil’s subsidiary was fined $36.8 million.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.