Oil giant raises global profile / Securing stakes in German refineries / Share in ChemChina acquired

摘要

Faced with a steady decline in demand, traditional western European oil players have been reducing their refinery activities in the past few years. That is not the case for oil supplying groups like Rosneft (Moscow / Russia; www.rosneft.com), which is currently buying up shares in German refinery complexes that were previously owned by western players.