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Eni Acting as Monopoly, EU Says

Stock quotes in this article: E , XOM , BP , CVX , COP , RDS-A  

The European Union said Thursday that it is charging the Italian integrated energy concern Eni SpA(E Quote) with monopoly abuse.

The European Commission alleged that Eni illegally prohibited rivals from using its natural gas pipelines.

"These practices may have weakened competitors on the market and harmed customers in Italy," according to the European Commission. ...

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