Brussels to probe MOL agreement

The European Commission has opened an in-depth investigation to establish whether an agreement between the Hungarian government and the Hungarian Oil and Gas Company MOL infringes EC Treaty state aid rules, January 2009. This agreement exempts MOL from the recent increase in mining fees due on revenues from hydrocarbons exploitation. The investigation will allow interested parties to comment on the measure under scrutiny. It does not prejudge the Commission’s final decision.

European Commission: Press Release: IP/09/39: State aid: Commission opens in-depth inquiry into mining fee exemption for Hungarian Oil and Gas Company MOL http://europa.eu/rapid/pressReleasesAction.do?reference=IP/09/39&format=PDF&aged=0&language=EN&guiLanguage=en

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