METE revokes license to 11 oil companies

05/09/2011 20:00

The Ministry of Energy, Trade and Economy revoked the licenses to 11
companies that sold oil and gas for not fulfilling the containing
capacity conditions.

METE took this decision after a proposal of the Technical Central Inspectorate, which the responsible institution for the control of hydrocarbon market.

The inspection in these companies comes after they had their licenses suspended for 30 days.

During this period, the companies should fulfill the deficiencies stated by competent institutions.

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