Monday, February 23, 2015

SPAIN: War between Competition and Repsol on the eve of … – EntornoInteligente

SPAIN: War between Competition and Repsol on the eve of … – EntornoInteligente

ABC of Spain 2 / The National Commission of Market Competition (CNMC) is finalizing various sanctions on oil pricing for gas stations, which has resulted in the last days clear war between the regulator and the companies in the sector. Furthermore, some sources reported the existence of an internal war within the Commission. If a few weeks ago was Cepsa who challenged the CNMC president, José María Marín Quemada, now it was the turn of Repsol.

Repsol had appealed to the president and two counselors regulator, Idoia Zenarrutzabeitia and Maria Ortiz, for statements that Marín Quemada made at a conference on Energy at IESE in asserting that “we have achieved that gasoline is more Cheaper Than Starbucks coffee. ” The challenge is to speak of lack of impartiality and enmity. Full Competition on Friday rejected this challenge, however, some media made public yesterday that request. CNMC Sources say the oil leaked this in formation knowing that there was still rejected the request because it sought to discredit the institution from fines to come.

ABC has been told, the CNMC is finalizing several disciplinary proceedings against some oil companies including Repsol and Cepsa, with fines which together could exceed 20 million euros. Some sources say that this amount would be one that would pay Repsol, something denied by sources close to the department headed by José María Marín Quemada.

Additional Penalties for Repsol waiting for violating the resolution Competition 2009 and has already resulted in a fine of EUR 3.25 million for Cepsa and BP. Repsol appealed to the Audiencia Nacional resolution and is awaiting the court’s ruling.

But internal division discrepancies occur not only between the oil and the regulator. Sources familiar with what happened in the plenary of the CNMC also reported disagreements among its members. They note in this regard that although the disapproval was studied in the last Thursday, the directors failed to “quorum”, forcing a new meeting a day later.

According Competition, full unanimously rejected the challenge to the three members of the regulatory body, while the sources consulted by ABC suggest that the president himself pressed into individual talks to the remaining seven members (full is made 9 directors and the chairman) arguing the damage that could result in the institution accepted the challenge. Also ensure that Fernando Torremocha and Benigno Valdés abstained in the vote, denies the fact that CNMC.

Information ABC of Spain 2

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