|
|
 |
LUKOIL Charged With Price Collusion in U.S.
Green Oil went to law against LUKOIL and a few other companies operating on the U.S. market, blaming the price collusion on them targeted at hiking wholesale prices for gasoline. Among other things, the lawsuit that was filed June 27 calls for forcing the oil giant of Russia to dispose of its U.S. subsidiaries, Kommersant reported.
Owner of gasoline filling stations in Illinois, Green Oil stands for all U.S. companies buying fuel at local refineries for retail sales in the United States. The defendants are Saudi Aramco of Saudi Arabia, PdVSA of Venezuela and Getty Petroleum and Lukoil Americas of Russia’s LUKOIL.
The suit blames on defendants the agreed manipulation of production, which hit independent gasoline filling stations in the United States. In 2002, for instance, the above trio allegedly colluded with crude producers of Oman, Mexico, Norway and Angola to cut down production for six months.
So, the suitor demands to acknowledge collusion, pay damages and force LUKOIL, Saudi Aramco and PdVSA to sell their U.S. subsidiaries, putting an end to their affiliation with holdings. The victory of Green Oil would change owners of roughly 8 percent of U.S. refining, while LUKOIL would lose control over the assets worth $4 billion.
www.kommersant.com
|
|
|
