Russia anti-monopoly service says may request lower fines on LUKoil, Gazprom Neft

© RIA Novosti . Sergei Piatakov / Go to the mediabankLUKoil's office
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Russia's Federal Anti-Monopoly Service could request lower fines it has imposed on LUKoil and Gazprom Neft if they admit to violating competition law, the service's head Igor Artemyev said on Monday.

Russia's Federal Anti-Monopoly Service could request lower fines it has imposed on LUKoil and Gazprom Neft if they admit to violating competition law, the service's head Igor Artemyev said on Monday.

"We will agree to seal a deal with [LUKoil and Gazpromneft] only on conditions analogous with those agreed to by TNK-BP," Artemyev said.

An arbitration court in western Siberia lowered anti-monopoly fines on TNK-BP from 4.2 billion rubles ($136 million) to 1.17 billion ($37.9 million) last week after the company confessed to hiking prices on fuel.

Artemyev said a fine against Rosneft may also be reduced from 5.28 billion rubles ($171 million) to 2 billion ($64.8 million).

MOSCOW, November 1 (RIA Novosti) 

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