Small-time firm takes on oil giants
Fin24 reports that a small-time oil company has taken the entire national oil industry to the Competition Tribunal, accusing it of bullying. Gas2Liquid brought its complaint before the tribunal for a ruling.
According to Daryl Ackerman, legal representative for Gas2Liquids, arguments were concluded and a ruling is expected in the course of the month.
Among the 16 respondents in the matter are BP South Africa, Chevron South Africa, Engen, Sasol [JSE:SOL], Shell South Africa Marketing, Total South Africa, PetroSA and Easigas. Minister of Trade and Industry Rob Davies is also one of the respondents. In papers lodged before the Competition Tribunal, Gas2Liquids, with a R2bn turnover, complains that the main industry body denied it membership of the SA Petroleum Industry Association (Sapia).
Gas2Liquids has applied for a ruling declaring certain commercial information openly available. According to Fin24, the documentation says that Gas2Liquids seeks an order declaring that the information does not constitute confidential information in terms of the Competition Act. The information concerned is from Davies. In its application, Gas2Liquids seeks to challenge confidentiality claims made on behalf of Sapia members and the ministry. Sapia is defending the action.
Read the full article on www.fin24.com.
