MAZEIKIAI - Mazeikiu Nafta is pleased to announce that on May 24, 2006 it was notified by the Competition Council of the Republic of Latvia that the investigation of certain business practices of the Latvian subsidiary was closed with the finding of no violation of the Competition Law of the Republic of Latvia.
The investigation lasted for seven months and involved an open and constructive dialogue between the local competition authority and Mazeikiu Nafta regarding the company's business practices.
Notably the finding of Competition Council of the Republic of Latvia recognizes that there exist separate segmented markets for 95 grade gasoline, namely:

• DDU sales from the refinery by means of railroad transport to client’s terminals with duty unpaid;
• FOT (free on truck) sales from terminals available to any client; 
• retail sales.

In a separate competition issue the Lithuania Supreme Administrative Court suspended the December 22, 2005 decision of the Competition Council of the Republic of Lithuania wherein Mazeikiu Nafta was alleged to have been dominant in certain markets and to have abused that position. The suspension remains in effect pending a final hearing of Mazeikiu Nafta appeal.

Contact:
Giedrius Karsokas
AB Mazeikiu Nafta
tel. +370 610 65298
fax +370 443 92579
giedrius.karsokas@nafta.lt