Major Schwedt shareholder: Rosneft Germany is open to non-Russian crude oil

The majority owner in Schwedt
Germany’s Rosneft is open to non-Russian crude

While Federal Economy Minister Habek has envisaged guardianship of the PCK Schwedt refinery, majority-owner Rosneft Germany is open to processing non-Russian oil. However, the company does not want to comment on a possible expropriation.

Mineral oil company Rosneft Germany, a subsidiary of Russia’s state-owned Rosneft, has shown it is open to processing non-Russian oil at the refinery in Schwedt. “If there is a law banning Russian oil, then of course Rosneft Germany will comply with the requirements,” said company spokesman Burkhard Wolkie. “Yes, we also process other oils. We have already processed other similar crude oils in PCK in the past.”

Talks are underway in the European Union on imposing a ban on Russian oil imports within six months. The PCK refinery in Schwet/Oder, Brandenburg, has so far processed mainly Russian oil from the Drushba (Friendship) pipeline from Russia, which ends there. Most of it is owned by Rosneft Germany, a subsidiary of Russia’s state-owned Rosneft, whose supervisory board was former Chancellor Gerhard Schroeder. Federal Economy Minister Robert Habeck of the Green Party is looking for alternative oil sources to Schweedt via Rostock, possibly also via Gdansk, due to the embargo.

According to a spokesman for Rosneft Germany, non-Russian oil has already been used in PCK, depending on the market price, for example from Arab countries or Nigeria. In the second progress report on energy security issued by the Ministry of Economic Affairs, it stated: “The Schweedt refinery continues to purchase only Russian crude oil. Since most of it is owned by the Russian state-owned company Rosneft, a voluntary termination of the Schwedt refinery’s supply relationship with Russia is not expected.”

What is Habeck-Schwedt’s plan?

During a recent visit to Schwedt, Habeck outlined the following plan: if Russian oil could no longer be imported, oil from other sources could be lowered by ship at Rostock and transported to the PCK refinery via the pipeline. The federal government can offset any additional costs for transportation and purchases. And instead of Rosneft, the trustee can operate the facility. Habek promised about 1,200 employees: “If all three work, you will have job security in the near future.” As he said: “We need Schwedt.” Because the refinery supplies fuel to Berlin, Brandenburg, areas of Mecklenburg-Vorpommern and western Poland. Habek also held talks in Poland about the possible presence of oil from Danzig.

Today, the Bundestag is discussing a bill by the factions of the Traffic Light Coalition, which should also be able to manage trusts for companies like PCK and, as a last resort, expropriation. “We don’t want to comment on that. It’s a matter for the German parliament,” a Rosneft Germany spokesman said.

Apart from the stated primary desire to process other oils, Rosneft Germany sees technical obstacles to their processing at the Schwedt Refinery. “The Leuna (Saxony Anhalt) and PCK were created from East German times in a way that they process mainly Russian oils,” Woolki said. Referring to Schwedt, he said, “We needed 60 per cent of similar quality so as not to technically jeopardize the continued operation of the refinery. Otherwise, the refinery would have to be technically converted. We can supply 50 to 60 per cent of the previous refinery via Rostock. “. Rostock is not yet an oil port, and no large tankers can dock there. This is why the port’s capacity needs to be expanded.”

The company spokesman was somewhat skeptical about the delivery of oil via Gdansk. “Everything is possible in theory. But it will be very difficult,” he said.

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