New York Times: Regulators to Examine Shell’s Closing of California Refinery
‘William E. Kovacic, the F.T.C.’s general counsel, said the agency’s investigation would “examine possible antitrust violations” by Shell’
Published: July 8, 2004
WASHINGTON, July 7 (Reuters) – The Federal Trade Commission said Wednesday that it had begun a formal investigation into the Royal Dutch/Shell Group’s plan to shut a California oil refinery, after some lawmakers said that closing it would hurt competition and increase gasoline prices on the West Coast.
William E. Kovacic, the F.T.C.’s general counsel, said the agency’s investigation would “examine possible antitrust violations” by Shell in closing the 70,000-barrel-a-day refinery in Bakersfield.
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