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UPDATE 1-Eni faces additional 91 mln euro EU cartel fine

Fri, 01st Mar 2013 11:33

* New fine is for repeat offences

* Eni's Versalis unit also named in new EU charges

BRUSSELS, March 1 (Reuters) - Italian oil and gas companyEni faces an additional fine of 90.75 million euros($118.64 million) for its role in a 2006 synthetic rubber cartelcase, EU antitrust regulators said on Friday.

The European Commission penalised Eni and its Versalis unita total of 272.25 million euros in 2006 for participating in thecartel together with five other companies, including Germany'sBayer, U.S. company Dow and Shell.

The companies won a court challenge in 2011 against anadditional sanction for repeat offenders, after Europe's secondhighest court said the Commission had not explained itsreasoning clearly.

The EU competition authority said it had now provided moredetails on the issue, allowing it to go ahead with the new fine.

It had informed Eni and Versalis, previously known asPolimeri Europa, with a "statement of objections" or chargesheet, that it intends to re-impose an increase in the fine,amounting to 90.75 million euros, because it was a repeatoffence.

"The addressees now have the opportunity to reply to theCommission's objections before any amending decision re-imposing the fine uplift is taken," the Commission said in astatement.

Eni can request an oral hearing to defend its case.

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30 Dec 2021 09:28

UPDATE 2-FTSE 100 edges down as COVID fears dull festive cheer

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30 Dec 2021 05:33

UPDATE 5-Oil prices rise slightly ahead of OPEC+ meeting next week

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28 Dec 2021 09:41

S.African court halts Shell's offshore seismic survey

CAPE TOWN, Dec 28 (Reuters) - A South African high court on Tuesday blocked Shell from conducting seismic testing offshore from South Africa's pristine Wild Coast, in the latest ruling in a case seeking to prevent the oil major from exploring for...

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27 Dec 2021 14:01

Mexican president says Pemex to close Deer Park deal in January

MEXICO CITY, Dec 27 (Reuters) - Mexican state oil company Petroleos Mexicanos (Pemex) will complete its purchase of a controlling interest in a Texas oil refinery in January, Mexican President Andres Manuel Lopez Obrador said on Monday.Mexico's go...

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24 Dec 2021 10:03

UPDATE 1-Russia says Europe missing out on gas with Nord Stream 2 delay

(Recasts, adds quote, background)MOSCOW, Dec 24 (Reuters) - Europe, struggling with soaring gas prices, is missing out on additional Russian supplies amid delays to the Nord Stream 2 pipeline, a top Russian official signalled on Friday.Deputy Prim...

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24 Dec 2021 08:26

Russia's Novak: Nord Stream 2 hindered by politics

MOSCOW, Dec 24 (Reuters) - The launch of the Nord Stream 2 natural gas pipeline is being hindered by politics, but Russia still hopes its certification will be completed by mid-2022, Russian Deputy Prime Minister Alexander Novak said on Friday.The...

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24 Dec 2021 08:19

Russia says Nord Stream 2 a bargaining chip for U.S., EU, Interfax reports

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23 Dec 2021 14:14

Third Point's Loeb slams activists after UK fund chairman quits

LONDON, Dec 23 (Reuters) - Hedge fund Third Point's boss Dan Loeb on Thursday blamed the departure of the chairman of the firm's London-listed fund on "inexperienced" and "juvenile antics" of activist investors.Third Point Investors Limited (TPIL)...

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22 Dec 2021 20:56

Shell declares force majeure on Nigerian Forcados crude

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22 Dec 2021 13:49

UPDATE 3-Mexico says U.S. approves Deer Park refinery deal, sees completion early 2022

(Adds details)MEXICO CITY, Dec 22 (Reuters) - The U.S. government has authorized the purchase by Petroleos Mexicanos (Pemex) of Royal Dutch Shell's controlling interest in a Texas oil refinery in a transaction that should conclude early next year,...

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22 Dec 2021 13:49

UPDATE 2-Mexico says U.S. government approves Deer Park refinery deal

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22 Dec 2021 13:49

UPDATE 1-Mexico says U.S. government approves Deer Park refinery deal

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22 Dec 2021 13:15

Mexico says U.S. government approves Deer Park refinery deal

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21 Dec 2021 19:06

UPDATE 1-Texas lawsuit by laundromat owners seeks to block Shell refinery sale to Pemex

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21 Dec 2021 18:32

Texas lawsuit by laundromat owners seeks to block Shell refinery sale to Pemex

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