Rosneft: Germany acquires oil refineries owned by Russia
On Friday, the German Economy Ministry announced that it had temporarily taken over the subsidiaries of Russian oil giant Rosneft in the country. Rosneft Deutschland and RN Refining & Marketing The ministry said in a statement that about 12 percent of oil refining capacity is in Germany.
She added that the move aims to “counter the threat to the security of energy supplies.”
Europe has been locked in a bitter energy standoff with Russia since Moscow invaded Ukraine in late February, and its imports of Russian oil and natural gas have fallen sharply.
Germany’s Federal Network Agency, which regulates the gas and electricity industries, will control Rosneft’s shares in three refineries: PCK Schwedt, near Berlin, MiRo, near Heidelberg, and Bayernoil in Bavaria.
fuel for the capital
Russia delivers crude oil to Schwedt refinery via the Druzhba pipeline. The The German Economy Ministry said it would try to find alternative supply routes.
“[Shell] It will continue to comply with its contractual obligations in accordance with its shares,” a company spokesperson told CNN Business.
Shell added that it could not speculate on how Schwedt would continue to operate.