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Germany: Berlin brings national subsidiary of Rosneft under state control to secure energy supply03:40

Germany: Berlin brings national subsidiary of Rosneft under state control to secure energy supply

Germany, Berlin
September 17, 2022 at 04:14 GMT +00:00 · Published

Spokesperson for German Federal Ministry for Economic Affairs and Energy Annika Einhorn said that the national subsidiary of the Russian oil company Rosneft has been placed under state control on the basis of the Energy Security Act to combat the threat to the security of the energy supply in Germany, speaking at a press conference in Berlin on Friday.

Einhorn noted that the German subsidiary of the Russian oil giant had been placed under the trusteeship of the Federal Network Agency (Bundesnetzagentur). She underlined that there was 'no need to coordinate with Russia' on that decision.

The official added that 'in recent months and weeks' there had been already deliveries of different types of non-Russian oil from the port of Rostock to the PCK Schwedt refinery in Brandenburg, which used to be under the control of the Russian energy giant, and that the result proved the facility could operate immediately on that alternative types of oil.

Another option, according to Einhorn, would be supplying the Schwedt refinery with oil from Kazakhstan via the Druzhba pipeline.

Rosneft Deutschland accounts for about 12 per cent of Germany's oil processing capacity through stakes in three refineries in Schwedt, Karlsruhe, and Vohburg.

Chancellor Olaf Scholz's administration announced the decision on taking over control on Friday after months of talks, as Berlin is preparing to stop purchasing Russian crude by the end of the year.

Germany: Berlin brings national subsidiary of Rosneft under state control to secure energy supply03:40
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Spokesperson for German Federal Ministry for Economic Affairs and Energy Annika Einhorn said that the national subsidiary of the Russian oil company Rosneft has been placed under state control on the basis of the Energy Security Act to combat the threat to the security of the energy supply in Germany, speaking at a press conference in Berlin on Friday.

Einhorn noted that the German subsidiary of the Russian oil giant had been placed under the trusteeship of the Federal Network Agency (Bundesnetzagentur). She underlined that there was 'no need to coordinate with Russia' on that decision.

The official added that 'in recent months and weeks' there had been already deliveries of different types of non-Russian oil from the port of Rostock to the PCK Schwedt refinery in Brandenburg, which used to be under the control of the Russian energy giant, and that the result proved the facility could operate immediately on that alternative types of oil.

Another option, according to Einhorn, would be supplying the Schwedt refinery with oil from Kazakhstan via the Druzhba pipeline.

Rosneft Deutschland accounts for about 12 per cent of Germany's oil processing capacity through stakes in three refineries in Schwedt, Karlsruhe, and Vohburg.

Chancellor Olaf Scholz's administration announced the decision on taking over control on Friday after months of talks, as Berlin is preparing to stop purchasing Russian crude by the end of the year.