Bulgaria has opened an antitrust investigation against LUKOIL

Bulgaria began an antitrust investigation against LUKOIL refinery in Burgas. This is with reference to the Bulgarian Commission for protection of competition reports Reuters.

According to the regulator, the refinery Lukoil Neftochim Burgas, supposedly violated the rules of competition in the sale of fuel. The price at which the company sold fuel in the domestic market, was higher than export prices, the Commission noted.

The investigation concerns also seven retail sellers of fuel — subsidiaries of Royal Dutch Shell, OMV, Hellenic Petrolleum, LUKOIL, Nis Petrol and Rompetrol Petrol Bulgarian. The regulator conducted an analysis of the activities of the fuel sector in Bulgaria in the period 2013 to 2015 and found that the pricing policy of the companies was very similar and did not reflect the situation on the market. “This may be the result of a cartel agreement,” stressed the Commission for protection of competition.

The official representative of LUKOIL in Bulgaria declined to comment on the information Reuters: “We will not comment until then, until we see the documents.” Other companies were unavailable for comment.

“LUKOIL Neftochim Burgas” AD, Bulgaria — oil refinery fuel and petrochemical profile. Located on the Black sea coast, 15 km from the town of Bourgas. The plant processed oil of various sorts (including Russian export grade), fuel oil. The oil on the plant is supplied by pipeline from the oil terminal Rosenets. The finished products are shipped by rail, sea and road transport.