A Kazakh court fines national oil and gas operator a total of KZT 438,6 M for an anticompetitive agreement on exclusive supply of liquefied petroleum gas (KazMunayGas)

On the 14 March 2012, the Specialized Administrative Court of Pavlodar city fined JSC National Company “KazMunayGas” (hereinafter – KazMunayGas) a total of KZT 438,6 mn for entering into an anti-competitive agreement with JSC “Helios”on exclusive supply of liquefied petroleum gas. KazMunayGas is the Kazakh national operator for exploration, production, refining and transportation of hydrocarbons which represents the state’s interests in the oil and gas industry of Kazakhstan. 100 percent of its shares belong to JSC “National Welfare Fund “Samruk-Kazyna”, a holding company created by the government to manage public assets of Kazakhstan. FACTS In 2009 LLP “Refinery Company RT” and LLP “Helios” concluded the agreement of sale of liquefied petroleum gas (hereinafter – gas agreement) which provides

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Authors

  • Center for Development and Protection of Competition Policy (Astana)
  • Ernst & Young (Astana)

Quotation

Aldash Aitzhanov, Anara Batyrbayeva, A Kazakh court fines national oil and gas operator a total of KZT 438,6 M for an anticompetitive agreement on exclusive supply of liquefied petroleum gas (KazMunayGas), 14 March 2012, e-Competitions Bulletin March 2012, Art. N° 50360

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