Germany takes control of 3 Russian-owned oil refineries

Associated Press

Associate Press copy is provided via The Canadian Press

FILE – The facilities of the oil refinery on the industrial site of PCK-Raffinerie GmbH, jointly owned by Rosneft, are illuminated in the evening in Schwedt, Germany, on May 4, 2022. The German government says it is taking control of Russian oil giant Rosneft’s subsidiary in Germany, citing the need to ensure continued operations at three oil refineries in the country. The Economy Ministry said in a statement Friday, Sept. 16, that Rosneft Deutschland GmbH and RN Refining & Marketing GmbH will be put under the control of Germany’s Federal Network Agency. (Patrick Pleul/dpa via AP, File)

BERLIN (AP) — Germany is taking control of three Russian-owned refineries in the country to ensure energy security before an embargo on oil from Russia takes effect next year, officials said Friday.

The Economy Ministry said in a statement that Rosneft Deutschland GmbH and RN Refining & Marketing GmbH will be put under the administration of Germany’s Federal Network Agency. As a result, the agency will also control the companies’ shares in three refineries: PCK Schwedt, MiRo and Bayernoil, located in the east and south of the country.

Rosneft accounts for about 12% of Germany’s oil refining capacity, importing several hundred million euros’ (dollars’) worth of oil from Russia every month, the ministry said.

It said the move would help ensure continued energy supplies and was initially due to last for six months.

Rosneft had previously made clear it had no intention to end the import of Russian oil, despite a looming EU embargo coming into force on Jan 1, 2023.

The ministry said a long-term plan will also be announced for the future of the PCK refinery in Schwedt, which employs about 12,000 people and provides petroleum products to much of northeastern Germany including Berlin.

• 0079 Ministry of Energy Business_incentive PO
  0079 Ministry of Energy Business_incentive PO
• 0078 LHOS 2024
  0078 LHOS 2024
• 0077 Caprice Resources Stand Up For Free Speech
  0077 Caprice Resources Stand Up For Free Speech
• 0053 Kingston Midstream Westspur Alameda
  0053 Kingston Midstream Westspur Alameda
• 0076 Latus only
  0076 Latus only
• 0073 SaskWorks-Pipeline Online
  0073 SaskWorks-Pipeline Online
• 0063 Turnbull Excavating hiring crusher
  0063 Turnbull Excavating hiring crusher
• 0061 SIMSA 2024 For Sask Buy Sask
  0061 SIMSA 2024 For Sask Buy Sask
• 0058 Royal Helium Steveville opens anonymous rocket
  0058 Royal Helium Steveville opens anonymous rocket
• 0055 Smart Power Be Smart with your Power office
  0055 Smart Power Be Smart with your Power office
• 0051 JML Hiring Pumpjack assembly
  0051 JML Hiring Pumpjack assembly
• 0049 Scotsburn Dental soft guitar
  0049 Scotsburn Dental soft guitar
• 0046 City of Estevan This is Estevan
  0046 City of Estevan This is Estevan
• 0041 DEEP Since 2018 now we are going to build
  0041 DEEP Since 2018 now we are going to build
• 0032 IWS Summer hiring rock trailer music
• 0022 Grimes winter hiring
• 0021 OSY Rentals S8 Promo
• 0018 IWS Hiring Royal Summer
• 0013 Panther Drilling PO ad 03 top drive rigs
• 0011
• 0006 JK Junior
• 0002 gilliss casing services
  0002 gilliss casing services
• 9002 Pipeline Online 30 sec EBEX
  9002 Pipeline Online 30 sec EBEX
• 9001