EU opens probe into French oil research group

22nd December 2005, Comments 0 comments

BRUSSELS, Dec 22 (AFP) - The European Commission opened a probe Thursday into French state aid to the French Petroleum Institute (IFP), a non-profit research outfit.

BRUSSELS, Dec 22 (AFP) - The European Commission opened a probe Thursday into French state aid to the French Petroleum Institute (IFP), a non-profit research outfit.

"The investigation will enable the Commission to obtain further information on the scope and nature of the state-funded activities of IFP and some of its subsidiaries and will provide interested parties with an opportunity to submit their comments on the measure," it said in a statement.

The commission in particular voiced concerns that IFP and a subsidiary that sells its research findings were a "single player" even though the unit was in competition with private companies.

IFP, which focuses on research into hydrocarbons and refining technology, received state aid of EUR 200 million euros in 2003 and EUR 163 million in 2004, the commission said.

Copyright AFP

Subject: French news

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