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.

 

  • 0029 Latus Viro updated Latus phone
  • 0031 Lloydminster_Heavy_Oil_Show_2022
    0031 Lloydminster_Heavy_Oil_Show_2022
  • 0027 TED_NA Helium 2021_30
  • 0028 SIMSA_Energy_Forum_2022
  • 0025 Kendalls
  • 0026 Buffalo Potash Quinton Salt
  • 0023 LC Trucking tractor picker hiring mix
  • 0022 Grimes winter hiring
  • 0021 OSY Rentals S8 Promo
  • 0019 Jerry Mainil Ltd hiring dugout
  • 0018 IWS Hiring Royal Summer
  • 0014 Buffalo Potash What if PO
  • 0015 Latus Viro PO Ad 01
  • 0013 Panther Drilling PO ad 03 top drive rigs
  • 0011
  • 0006 JK Junior
  • 0004 Royal Helium PO Ad 02
  • 9001
  • 0002
  • 0001

 

Devine’s Upgraders, Part 4: Regina NewGrade Upgrader, now part of FCL, has processed 16 million barrels of heavy oil per year for 30 years