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The European Union (EU) antitrust regulator launched an in-depth probe on Wednesday into Norwegian oil company Statoil Hydro’s bid for Jet petrol stations in Scandinavia.

“The Commission’s initial market investigation has indicated that the proposed merger raises serious doubts as to its compatibility with the Single Market as it appears that it could limit competition on the motor fuel retail markets in Sweden and Norway,” the European Commission said in a statement.

“Rising oil prices make it even more important that consumers continue to benefit from competition at retail level,” said EU Competition Commissioner Neelie Kroes.
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Hungarian oil and gas group MOL Nyrt plans to open 70 MOL petrol stations in Austria by the end of this year, Zsolt Hernadi told the Austrian current affairs magazine profil in an interview.

MOL opened its first petrol station in neighbouring Austria on April 1 and Hernadi sees this number growing to ‘at least’ 100 by 2010, by purchasing and also by building new stations, according to profil.
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