News in December 2008 | |||
Antimonopoly Committee of Ukraine has wrongly penalized CJSC LINIK
On November the 27th, 2008 the Economic Court of the city of Kyiv passed the judgment, by which it acknowledged as illegitimate the Antimonopoly Committee of Ukraine’s imposition of the penalty in the amount of 500 thousand hryvnya on the CJSC LINIK for, allegedly, the violation of the competition legislation in November — December 2007.
Representatives of the CJSC LINIK are satisfied by the decision of the court instance and intend to continue using all possibilities, stipulated by the legislation of Ukraine and international normative and legal acts, to defend their rights and interests, protected by the law.
The Company would like to notice that it has not commented the legal proceedings at the mass media on principle, to exclude any possibility, even a theoretical one, to be accused of an attempt of any pressure over the Court.
We would also like to ask other participants of the proceedings to stick to a correct and appropriate way of behavior, and not to give subjective evaluation judgments on the pages of the mass media before the final decision on the case. Otherwise we reserve the right for an adequate public evaluation of such actions.
Reference on the Company
TNK-BP is the international vertically integrated holding, ranked among top ten world largest private oil companies on oil extraction.
The Company was established in 2003 as a result of the merger of ÂÐ Company oil and gas assets in Russia and the oil and gas assets of Alpha, Access/Renova (ÀÀR) Consortium.
The managing center of TNK-BP in Ukraine is represented by the LLC TNK-BP Commerce, also performing the functions of the wholesale petroleum products’ trader. CJSC LINIK ensures the crude oil processing and output of products, while the JV LLC Kersher deals with the retail petroleum products’ trading.
TNK-BP is a responsible and transparent company, the strategic objective of which consists in ensuring of the long-term sustainable development of its business in Ukraine. One of the most important areas of the Company’s activities is represented by implementation of corporate social responsibility programs, which, in particular, include establishment of the safe working environment for employees; ensuring of a fair remuneration for their labor and their professional growth; reduction in the degree of the technogeneous impact of production over the environment; provision of high-quality products and services to customers; and development of interrelations with local communities.
Source: Public Communications Department