OREANDA-NEWS. March 31, 2011. The Federal Antimonopoly Service (FAS Russia) again initiated a case against “Salavatnefteorgsynthez”OJSC (currently – “Gazprom Neftekhim Salavat” OJSC) upon the signs of violating Part 1 Article 10 of the Federal Law “On Protection of Competition”, reported the press-centre of FAS Russia.

The case was initiated upon a petition of “Caustic” OJSC that as a result of the pricing policy pursued by “Salavatnefteorgsynthez” OJSC the cost of ethylene increased considerably. The price offered by “Salavatnefteorgsynthez”OJSC was unacceptable for “Caustic” OJSC as it was economically disadvantageous.

In November 2010, FAS Russia already found that violated Clauses 3 and 8 Part 1 Article 10 of the Federal Law “On Protection of Competition”.

Reference:

Part 1 Article 10 of the Federal Law “On Protection of Competition” prohibits actions (Omissions) of an economic entity with dominant position that lead or can lead to preventing, restricting, eliminating competition and (or) infringing the interests of other persons.