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12 LAteSt NeWS, eveNtS, JobS oNLINe – WWW.PetRoLPLAzA.CoM
Gazprom Neft buys stations in bulgaria Last November it was reported that Gazprom Neft was planning to acquire seven filling stations in the country through NIS Petrol, a subsidiary of Gazprom Neft’s Serbian unit Naftna Industrija Srbije. At that time, the company asked Bulgaria’s competition regulator to approve the acquisition of the fuel stations. NIS Petrol has now filed a similar request to gain control over the other New owners at Motor Fuel Group Last December one of the UK’s leading independent forecourt operators, Motor Fuel Group (MFG), was acquired by a new management team. To support the MFG management team’s plans to grow the business via capital expenditure and acquisitions, MFG has agreed to appoint Jeremy Clarke as its managing director. Jeremy will join MFG once he has fulfilled his contractual obligations to Murco Rosneft wins trademark infringement suit A court has awarded Rosneft oil company US $ 95 000 in its trademark infringement lawsuit against EKA-AZS fuel company, which operates a large chain of filling stations, the Russian Legal Information Agency reported. The judge reduced the amount of compensation claimed by Rosneft. The oil giant initially sought to recover 5 million rubles (US $ 158 400). The parties told the court they entered into a franchise agree- Petroleum as Marketing Director. The new team is backed by the pan European institutional investor, Patron Capital and together they are focussed on growing and developing the MFG business into one of the most dynamic and profitable independent forecourt operators in the UK currently operating 58 stations throughout the UK operating under the BP, Shell, Esso, TOTAL and Jet brands. ment in 2005 for a term of 5 years, under which EKA-AZS paid US $ 1 000 for the right to use Rosneft’s trademarks to sell fuel at 40 filling stations. Rosneft maintains the defendant illegally used trademarks for five months after the contract expired on 29th September 2010. EKA-AZS fuel company was founded in 1992. It is engaged in oil products retail and wholesale distribution. Antimonopoly watchdog fines LUKoIL Russia’s antimonopoly service has fined LUKOIL US $ 19.5 million within the “third wave” of antitrust cases against Russian oil giants, the watchdog announced. LUKOIL is the fourth out of five oil companies which have been fined for manipulating fuel prices in 2011. The antimonopoly watchdog had already fined several oil companies. Rosneft was fined 1.75 billion rubles (US $ 56.2 million); Gazprom Neft – 979.3 million rubles zarubezhneft buying sites in Croatia & boznia OAO Zarubezhneft, a Russian oil pipeline operator, has offered to buy filling stations from OMV AG in Croatia and Bosnia- Herzegovina as part of its expansion in the Balkans. Zarubezhneft General Director Nikolay Brunich told reporters in Zagreb OMV of Austria is selling subsidiaries in Croatia and Bosnia as they have decided to focus more on exploration and production. The Moscow-based company also plans to invest more than 1 billion euros to build seven fuel stations. Gazprom Neft has so far declined to provide details about its future operations in Bulgaria. Market sources claim that the company targets to have 70 filling stations by end-2013. According to Andrei Delchev, chairperson of the Bulgarian Petrol and Gas Association, Gazprom aims to capture an eight per cent share of the country’s retail fuel market. (US $ 31.5 million) and Bashneft – 778 million rubles (US $ 25 million). The watchdog has yet to impose a penalty on TNK-BP which was found guilty of fuel price manipulations. LUKOIL reported last November that the Federal Antimonopoly Service increased the total amount of penalties to be imposed on oil companies within the “third wave” of antitrust cases from US $ 17 to US $ 27 million as of 30th September. an oil products pipeline. “The projected pipeline would increase export of oil derivatives from refineries in Brod and Sisak”, Brunich said. The link would pass through Bosanski Brod in Bosnia-Herzegovina and Zagreb. Zarubezhneft also plans to compete for oil and gas exploration licenses in nine locations in Croatia, according to Brunich. Some of the sites were explored by Industrija Nafte until the government revoked its license last year. LAteSt NeWS, eveNtS, JobS oNLINe – WWW.PetRoLPLAzA.CoM NeWS – eURoPe 13
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