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Tuesday, August 15, 2006

Dozens oil companies operating in Turkey face drastic penalties

"Dozens oil companies operating in Turkey face drastic penalties

Ankara /15/08/ 13:09

Turkish authorities are set to impose heavy pecuniary penalties to some 30 domestic and foreign companies for unlicensed selling of petrol at gas stations, which might reach a record-high amount of more than $1 billion in total fines.

The major world players such are Shell or British Petroleum might be also affected by the decision made recently by the Turkish Energy Market Regulation Commission."

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