Germany preparing for change of control at Rosneft refinery -minister -Breaking
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© Reuters. FILE PHOTO – German Economy and Climate Change Minister Robert Habeck gesticulates during a press conference about measures to decrease carbon dioxide emissions and Germany’s dependence on Russian energy imports in the context of the Russian war against Ukraine. This was held in Berlin on April 8. BERLIN (Reuters – Germany plans to change control of the PCK refinery at Schwedt, which is owned by Rosneft Russia’s state. This facility accounts for most of Germany’s Russian oil imports. Economy Minister Robert Habeck stated Wednesday.
Germany plans to get rid of Russian oil. It would be possible for Europe’s most important economy to lift an EU oil embargo.
The country’s oil imports from Russia have been reduced to 12%, from 35%. This has left PCK as the sole consumer of Russian oil.
Rosneft is not interested in not refining Russian crude oil. In a Twitter video (NYSE:), Habeck stated that Rosneft “is not interested in refining Russian oil” and would refuse to answer my call.
After a Tuesday trip to Poland, he spoke after the visit. There, he had held discussions to seek out alternative oil sources for his refinery.
PCK is a supplier of parts in eastern Germany. This includes Berlin the capital.
Habeck posted a video on Wednesday claiming that he was close to reaching an agreement in Poland. “We made good progress. “Now it’s all about technical details,” said he.
According to Habeck’s plans for PCK, a portion of it would be sent via Rostock (German Baltic Sea port) and Habeck stated that solidarity from Poland was required to provide the remainder.
Habeck stated in the video that “the Poles claim, quite correctly, that we don’t want Polish oil to Germany for Schwedt to stay alive.”
But we’re talking about a situation where Germany supports Poland and Poland assists Germany in the event Rosneft ceases to be the operator at the refinery,” he stated, but he didn’t elaborate on the timing or details of a PCK change of control.
Germany’s Cabinet approved this week a legislative amend that would allow Germany to have greater control over assets and businesses that contribute to its energy supply. This was in response the increasing risk of disruptions.
Habeck claimed that Germany would be able to withstand an EU oil embargo provided that a PCK solution has been found.
He stated, “If there was a transition period for ships to bring oil to Rostock and use the port to supply Schwedt,”
There would be shortages in certain regions. It would be possible for some disruptions to occur, as well as higher prices. He said that although it was impossible to say that nobody will notice, the situation would not be catastrophic.
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