BRUSSELS MOVES TO PREVENT POSSIBLE FUEL PRICE RISES IN SCANDINAVIA
May 1st, 2008
BY KEITH NUTHALL
THE EUROPEAN Commission has sought to head off possible fuel price rises across Scandinavia by opening a detailed inquiry into a planned takeover in the region's petrol station sector. Brussels fears the planned takeover of the Jet chain from America's ConocoPhillips by Norwegian oil giant StatoilHydro, could limit petrol and diesel retail competition in Norway and Sweden.
ENDS
THE EUROPEAN Commission has sought to head off possible fuel price rises across Scandinavia by opening a detailed inquiry into a planned takeover in the region's petrol station sector. Brussels fears the planned takeover of the Jet chain from America's ConocoPhillips by Norwegian oil giant StatoilHydro, could limit petrol and diesel retail competition in Norway and Sweden.
ENDS
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