Statoil: ESA conducts inspection

14.05.2013  |  Globenewswire Europe

Statoil's (OSE:STL, NYSE:STO) office in Stavanger is today subject to an
inspection visit by the EFTA Surveillance Authority (ESA), assisted by the
Norwegian Competition Authority (Konkurransetilsynet). The inspection is carried
out on request of the European Commission. Statoil is cooperating with the
authorities in their inspection.

The authorities suspect participation by several companies, including Statoil,
in anti-competitive agreements and/or concerted practices contrary to Article
53 of the EEA Agreement. In addition the inspection relates to potential abuse
of possible dominant position by another party, contrary to Article 54 of the
EEA Agreement.

The suspected violations are related to the Platts' Market-On-Close (MOC) price
assessment process, used to report prices in particular for crude oil, refined
oil products and biofuels, and may have been on-going since 2002.

Further information from:

Investor relations
Hilde Merete Nafstad, senior vice president investor relations,
+ 47 957 83 911(mobile)

Press
Jannik Lindbæk jr, vice president for media relations,
+ 47 977 55 622 (mobile)

This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)



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Source: Statoil via Thomson Reuters ONE
[HUG#1701649]




Unternehmen: Statoil - ISIN: NO0010096985