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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.
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