Rosneft expropriation does not yet save the Schwedt refinery



Petroleum refinery PCK Schwedt

The future of the plant is uncertain.

(Photo: dpa)

Berlin That the federal government about joining Rosneft Germany, the majority owner of the refinery PCK Schwedt, wants to ensure the continued existence of the refinery has been an open secret for weeks. The amendment to the Energy Security Act (EnSiG), which was sometimes referred to as “Lex Rosneft”, paves the way for this. But there are a number of pitfalls.

The German government’s aim is to force Rosneft Germany, a subsidiary of the Russian oil company Rosneft, out of the refinery. With 54.17 percent, Rosneft Germany is the majority owner of the refinery, which is responsible for the greater Berlin-Brandenburg area and western Poland is of essential importance for the supply of heating oil, petrol, diesel and kerosene.

The other shareholders are shell (37.5 percent) and Eni (8.33 percent). The refinery will via the “Druzhba” (“Friendship”) pipeline supplied almost exclusively with Russian oil. Unlike the Czech Republic, for example, Germany has committed itself to off pipeline oil from January 1, 2023 Russia to renounce.

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