Chairman of the Competition Agency George Barabadze is sure that he will win a court dispute regarding fines imposed on the oil companies. Barabadze told journalists in a seminar titled Direct and indirect evidence of cartel cases”.
He refrains from preliminary estimates, as the court proceedings are underway.
Recall that the Competition Agency has revealed the presence of cartel agreements on the Georgian fuel market and fined five largest oil companies 55 million GEL. We are talking about Wissol (a fine in the amount of GEL 10 426 393), LUKOIL ( GEL 4 740 260), SOCAR (GEL 14 381 385), Rompetrol (GEL 10 885 806) and Gulf (GEL 11 267 384) and three economic agents which have close relations with the abovementioned companies.
Oil companies themselves categorically deny the existence of any cartel deals and are appealing the Agency’s decision in court.
According to Beka Kemularia, a member of the 2030 organization, Wissol SOCAR and Lukoil are suing the Agency’s decision, however, he believes that until the final court decision is taken , the Competition Agency’s conclusion will not change the situation in the market.
The oil companies have no information of when the proceedings in the court will start and when the trial will be completed. Wissol Petroleum Georgia Director General Vasil Khorava says the company has already filed a lawsuit in the civil court, however, when the court makes a decision, is unknown.