PAVLODAR. KAZINFORM – The Agency for Protection and Development of Competition of the Republic of Kazakhstan (AZRK RK) conducted an analysis of the state of competition in the petroleum coke market, as a result of which the dominant position of UPNK-PV LLP (hereinafter referred to as the Partnership) as a buyer of petroleum coke with shares of 83.6 % in 2021 and 85.5% in 2022, Kazinform reports with reference to press service Agency of the Republic of Kazakhstan for the protection and development of competition.
The AZRK Department for the Pavlodar region analyzed the materials provided for the presence in the actions of the Partnership of signs of violation of subparagraph one of Article 174 of the PC of the RK, on the prohibition to establish and maintain monopsonically low prices.
It was found that the purchase price in one case (East Trade Solutions LLP) was the same as the cost of producing petroleum coke. In the cases with the tollers of ArionTrade LLP and JSC NC KOR, the amount of purchase of petroleum coke by the Partnership was lower than the cost of producing the goods.
Thus, there are indications that the Partnership has established monopsonically low prices.
In this regard, the Department initiated an investigation against the Partnership for the presence/absence of facts of establishing a low price.