South Korea’s Fair Trade Commission (FTC) said it is investigating the country’s four main oil refiners for the possibility of collusion to fix oil prices to enhance earnings. The investigations were launched early this month at the suggestion of Deputy Prime Minister and Finance-Economy Minister Lee Hun-jae following complaints that the four oil companies were…
KOREA: Oil firms investigated for fixing prices (MEMEBRS ONLY)
Posted on August 24, 2004 by EnergyAsia