Rosneft under trusteeship – rescue of refinery Schwedt open

Berlin The federal government places Rosneft Germany, the majority owner of the refinery PCK Schwedt, under trusteeship to ensure the continued existence of the refinery. This was announced by the Federal Ministry of Economics early Friday morning. The trust administration is carried out by the Federal Network Agency.

The federal government thus takes over control of Rosneft Germany’s respective shares in the three refineries PCK Schwedt, MiRo (Karlsruhe) and Bayernoil (Vohburg). Rosneft Germany accounts for around twelve percent of Germany’s oil processing capacity, making it one of the largest oil processing companies in Germany. The trust management will take effect this Friday and is initially limited to six months. The companies concerned have to bear the costs for this.

The amendment to the Energy Security Act (EnSiG), which was sometimes referred to as “Lex Rosneft”, paved the way for this. But even after getting started, there are a number of pitfalls.