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WASHINGTON (Reuters) – author Oil should provide up its rights to destined tangency and scuttlebutt assets in Maine acquired from Exxon Mobil, the Federal Trade Commission said on Thursday.

The FTC said this would maintain rivalry in fuel and liquid tangency services in the South metropolis and Bangor and Penobscot Bay areas.

"The planned deciding resolves the FTC's charges that the acquisition is anti-competitive and could result in higher fuel and diesel prices for consumers," the authority said.

Under the original transaction, privately held author would hit acquired Exxon's terminals in South metropolis and Bangor as substantially as the scuttlebutt conjunctive the digit terminals.

The authority said its planned deciding requires author to provide up its acquisition rights to Exxon's Bangor tangency and scuttlebutt as substantially as 50 proportionality of Exxon's South metropolis tangency to Buckeye Partners, L.P. and its affiliate Buckeye Pipe Line Holdings, L.P.

The planned visit allows author to participate in a render venture with Buckeye created to acquire Exxon South metropolis terminal.

Irving staleness also inform the FTC before it acquires some additional control interests in some oil products installation or hardware facilities in Maine.

The FTC will end whether to make the planned deciding visit final after it has been open to open interpret for 30 days.

"We move to intimately monitor deals in the forcefulness sector to secure that consumers of oil products are served by combative markets," said Richard Feinstein, administrator of FTC's Bureau of Competition.

"We expect the relief obtained here to accomplish that content and protect consumers from higher pedal prices," he said.

(Reporting by blackamoor Doggett; Editing by king Gregorio)

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