Oil refinery: Federal government wants to extend trust over Rosneft share in Schwedt

Oil refinery: Federal government wants to extend trust over Rosneft share in Schwedt

The Schwedt refinery remains under the control of the German state. This is based on the Energy Security Act.

According to information from the German Press Agency, the German government wants to extend the trust administration of the shares of the Russian state-owned company Rosneft in the PCK refinery in Schwedt. The trust administration would otherwise have expired on September 10. The basis is the Energy Security Act.

The shares have been under federal trust administration since September 2022. The background to this is the federal government’s decision to stop importing Russian oil because of Russia’s war of aggression against Ukraine. At the beginning of 2023, PCK switched to other sources of supply.

The German government is holding talks with the oil-producing state of Qatar about the sale of Rosneft shares, as Business Insider recently reported. A government spokesman confirmed the contacts, but said nothing about the content of the talks.

“Business Insider” cited “several sources familiar with the matter.” According to them, talks with Qatar about buying Rosneft shares have begun. This was confirmed to dpa by insiders. Rosneft announced in the spring that it would sell the shares.

Source: Stern

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