Topic Of The Week
Working Together
Competition safeguarding policies pursued by any state are criticized probably more often than any other form of public intervention by the government in private affairs. Prominent economists of our times, from Friedrich Hayek to Alan Greenspan, call the world of antitrust regulations as «naive,» «unrealistic,» «ignorant» and «irrational», while Milton Friedman believes that competition laws «do far more harm than good,» and » it would be better if we got rid of it…»
Always Under Control
We discuss prices nearly every day, namely how they change in relation to our income. The Antimonopoly Committee (AMC) is the source of ultimate truth in the price battles between the consumer and the seller. Terminal discussed the situation on the fuel market with AMC First Deputy Head Rafael Kuzmin.
Scandals
SCANDAL OF THE WEEK: PAO Alfa-Bank’s Lawyers Beat PAO Ukrtatnafta
On February 14, 2012, Kharkiv’s economic court of appeals upheld a January 5, 2012, ruling by a lower court – the economic court of Poltava region – under which PAO Ukrtatnafta transnational financial and industrial oil company was obliged to pay UAH 54 million to PSC Alfa-Bank…
Forecast
Oil Migraine…
If it were not for the aggravation of the situation around Iran, the markets would probably be bored. Even a Greek default would hardly raise a blip in oil quotations. The economy of Germany looks more or less in good shape, as noted in a report by the European Commission on the prospects for the development of the economies in the eurozone.
Spring Has Come
According to economic forecasts given by the Psyche Center on the basis of its regressive analytical model, the price of major petrol brands will go up this week. The average retail price of A-92 and A-95 petrol to DSTU 4063:2001 standards and that of diesel winter-type 0.2-(-25) to DSTU 386899 standards will be UAH 10.13, UAH 10.43 and UAH 9.73 per liter respectively. A liter of propane-butane gas will cost UAH 5.70.
Trade
February In Summary
Oil price hikes in February and the first increase in prices of fuel in Ukraine since May 2011, as well as the halt of the country’s largest Lysychansk oil refinery for unscheduled repairs, meant experts from the Psyche Center had to answer a barrage of similar questions. However, some journalists felt offended, saying that analysts were again only painting a bad picture.
Alas, when the fuel market is quiet, interest in its problems immediately disappears…
Anti-counterfeit Campaign
BRSM-Nafta Was Unconvincing
As Terminal has learned, BRSM-Nafta recently got involved in litigation with Avtocentr, demanding that the latter refute an allegedly false report about the quality of fuel at its filling stations. However, these efforts backfired for the company: the courts confirmed the information was correct, thus giving the media a chance to write about this precedent again…
Raw Materials
SPK-Geoservice WILL Work At Yuzovska And Oleske Fields
Kyiv-based SPK-GeoService Ltd. has partnered with NJSC Nadra Ukrainy to set up joint ventures that in future will become one of the parties to production sharing agreements for the Yusovska and Oleska shale gas fields. But you’d only know about the successes of SPK-GeoService by reading its Web site, which names BP, OMV, Shell, Vanco, AngloUkrEnergy as the customers of its services…
You can read full articles in journal «Terminal: Oil Review» №9(595) 5 Mar 2012
