VOL. XLIII
No. 28
10-July-2000
KUWAIT
KPC And Preem Face Fines In Sweden For Alleged Price Fixing
Antitrust authorities in Sweden say they intend to fine Kuwait Petroleum Corporations (KPCs) Swedish subsidiary, Kuwait Petroleum Svenska, SKr225mn ($25.5mn) and Preem, owned by the private Saudi firm Corral Petroleum Holdings, SKr85mn ($9.6mn) for allegedly fixing local retail fuel prices. The authorities also want to fine three other companies, Norsk Hydro, Shell and Statoil, alleging that there...
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