Supreme Court Sides with Antimonopoly Agency in Dispute with CNPC-AqtobeMunayGas
Photo: Cnpc-amg.kz
Kazakhstan’s Supreme Court has ruled in favor of the Agency for the Protection of Market Competition (APMC) in a two-year legal battle with JSC CNPC-AqtobeMunayGas, a major oil and gas enterprise partly owned by China’s CNPC, Orda.kz reports.
According to findings from the APMC’s Aqtobe regional office, the company was found to have abused its dominant market position. The investigation revealed that CNPC-AqtobeMunayGas imposed unfavorable contract terms on counterparties, including requiring payments within three days instead of the five-day period established by law.
Additionally, the company demanded that tank trucks be filled with liquefied petroleum gas (LPG) only up to 85% capacity, complicating the unloading process and forcing partners to seek alternate tank sizes for the remaining gas.
“The company, having the technical capability, unreasonably limited the production of LPG for deliveries by road transport, thereby infringing on the rights of other market participants,” the agency stated.
The antimonopoly agency had initially issued a notice to the company requesting that it voluntarily correct the violations and revise its contracts. After the company refused, the case proceeded to court.
Lower courts supported the APMC’s position, and the Supreme Court upheld their rulings. The case will now be referred to the Aqtobe Administrative Offences Court to determine penalties against CNPC-AqtobeMunayGas.
The enterprise, a key industrial player in the Aqtobe region, is responsible for developing the Janajol oil field. One of its principal shareholders is China National Petroleum Corporation (CNPC).
Original Author: Nikita Drobny
Latest news
- Orda.kz Editorial Team to Cease Operations on September 1
- The Price of a Degree: How Students in Kazakhstan Pay for University
- Second Przewalski’s Horse Foal Born as Species Returns to Kazakhstan
- Kazakh Mining Companies Can Recalculate Purchases if Tenge Weakens
- Kazakhstan Names First Vice President in Three Decades
- What Almaty’s Bus Shelters Are Missing
- 400-Truck Queue Builds at Kazakh–Kyrgyz Border
- Kazakhstan Ready to Help Feed and Rebuild Gaza
- Tokayev Establishes New Presidential Security Body
- Almaty Takes Back Its Nearly Century-Old Hippodrome
- No More Guesswork on Savings: Kazakhstan Tightens Energy Audits for Businesses
- Public Money Could Be Used to Rescue Failing Kazakh Banks
- Third Kazakh Woman Reported Missing in Nepal-China Flood Zone
- Falconer Convicted Over 35 Protected Birds, Spared Punishment Under Amnesty
- Kazakh Citizen Detained in Yakutia in Phone Fraud Case
- Yuan Instead of Dollars? KazMunayGas Draws Record Demand in Asia
- China Gains Oil-Market Influence as OPEC+ Weakens
- Kazakhstan to Divide Smartphones Into White, Gray and Black Lists
- Kazakhstan’s Government Formally Resigns as First Kurultai Session Opens
- Rare Lynx Sighting Recorded in Northern Kazakhstan
