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Some Features of the legal Status of Entities Engaged in Business Activities Related to the Transportation of Oil and Petroleum Products through Trunk Pipelines

Author

Listed:
  • Stella B. Seletskaya*

    (Kazan Federal University)

  • Zarina D. Kayumovа

    (Kazan Federal University)

Abstract

This article is devoted to the issue of the legal status of entities engaged in business activities related to the transportation of oil and petroleum products through trunk pipelines (hereinafter referred to as the TP). The authors attempt to disclose their legal features as the subjects, operating in the conditions of natural monopoly, to identify features of their legal personality, as well as the content of their rights and obligations. Due to the "natural monopoly" of the laws governing the transportation of petroleum products, it is less relevant to the legal requirements in this regard. In their study, they concluded that the law on the transportation of petroleum products should focus on five points: the requirement to submit the reports on their current activities in a certain time and manner, review 10 of the Federal Law "On Protection of Competition", the legal acts approved the standards and basic criteria for the information disclosure by the natural monopoly, the inadmissibility of free pricing and the obligatory use by the subjects of marginal tariffs established by law, adhere the subject to the contractual form of providing oil transportation services that is strictly regulated by law.

Suggested Citation

  • Stella B. Seletskaya* & Zarina D. Kayumovа, 2018. "Some Features of the legal Status of Entities Engaged in Business Activities Related to the Transportation of Oil and Petroleum Products through Trunk Pipelines," The Journal of Social Sciences Research, Academic Research Publishing Group, pages 463-466:5.
    • Handle: RePEc:arp:tjssrr:2018:p:463-466
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