KazGerMunay paid a fine of KZT1 billion to the state

Date: 13:20, 29-09-2022.

Kyzylorda. September 29. KazTAG - KazGerMunay paid a KZT1 billion fine to the state as a result of monopolistic activities, reports  the Agency for Protection and Development of Competition of  Kazakhstan.
“JV “KazGerMunay” LLP was found guilty of committing violations of the legislation of the Republic of Kazakhstan in the field of competition protection with the imposition of an administrative fine in the amount of KZT126.6 million and confiscated monopoly income in favor of the state, received as a result of monopolistic activities - KZT881.4 million”, reads  the ruling of the Kyzylorda regional court.
JV KazGerMunai LLP was engaged in setting and maintaining monopoly high prices when selling liquefied petroleum gas through electronic trading platforms in 2021, on the territory of the Kyzylorda region and the southern macro-region.

Photo source: picture from an open source

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