Germany reviews Rosneft refinery deal

摘要

GERMANY has put Russian oil producer Rosneft’s purchase of an extra 37.5% stake in the PCK Schwedt oil refinery under review against the backdrop of Russia’s invasion of Ukraine, the German economy ministry reported on March 21. Rosneft agreed in November last year to buy the share in the 230,000 barrel per day (bpd) refinery in Germany’s north-east from Shell, bolstering its equity interest in the facility to 91.7%. The deal would raise Rosneft’s overall refining capacity in Germany by 86,000 bpd to 344,000 bpd, establishing it as the second-largest refiner in the country after Shell.