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Chairman of Georgian Competition Agency is Sure He will Win a Court Case against Oil Companies

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.