Russian authority to investigate pricing complaint against Nizhnekamsk

Moscow – Russian Federal Antimonopoly Service (FAS) has announced that it is investigating synthetic-rubber (SR) pricing activities of Tatarstan-based Nizhnekamskneftekhim PJSC (NKNH).

The case, brought to the agency by NKNH’s long-term customer Tatneft –Nefekhimsnab concerns a ‘significant increase’ in SR prices “without objective reasons,” said a 2 July FAS statement.

The companies, it said, signed a supply contract in Nov 2012, while the latest price adjustments were made to the contract in 2015. Under the amended terms, prices were fixed until 31 Dec 2019. 

“Nevertheless, when…

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