KazMunayGas ordered to pay over $70 million to ANAF

KazMunayGas Trading has lost its court case against Austrian oil company OMV Petrom.

The product and supplies company will have to pay over $70 million (€56 million) to Romanian tax administration agency ANAF, for contentious biodiesel imports from Canada originating in the US.

This sum was awarded for recovering losses generated by the OLAF investigation and the decision to pay the antidumping tax.

Out of the 85,000 tonnes imported by KazMunayGas, OMV Petrom only received a reported 2,000 tonnes of biodiesel.

Petrom has calculated a loss of $1 million.