Thursday, October 09, 2008

EC fines 9 petrochemical companies US$955 mln for forming paraffin mafia

The European Commission has fined 9 petrochemical makers, including Sasol, Exxon Mobil, RWE, ENI, Hansen & Rosenthal, Repsol and Tudapetro a total of €676 mln for forming a paraffin mafia to fix pricees and portion out markets for wax.

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