Pressured by EC,Repsol agrees to scrap long-term retail supply deals in Spain

摘要

London-Spain's Repsol YPF has agreed to scrap its long-term exclusive supply contracts with domestic fuel retailers following an investigation into the practice by EU antitrust authorities,the European Commission said April 12.The commission had been investigating whether Repsol's supply contracts violated EC Treaty rules on restrictive business practices but said it has now closed its investigation after Repsol's commitments,which are legally binding.