Germany takes control of Rosneft Deutschland. Credit: ADIGUN AMPA on Unsplash

Polish refiner PKN Orlen is considering acquiring controlling stake in the PCK Schwedt refinery in Germany, which has been placed under a trusteeship by Germany, reported Reuters citing sources in Berlin and Warsaw.

Last week, Germany’s Federal Network Agency placed Russian oil giant Rosneft’s German subsidiaries – RN Refining & Marketing and Rosneft Deutschland, under fiduciary management to reduce oil imports from Russia.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

As a result, Federal agency now assumes control of the Rosneft Deutschland’s refineries including PCK Schwedt, MiRo in Karlsruhe, and Bayernoil in Vohburg.

Rosneft Deutschland amounts to around 12% of German oil processing capacity.

Polish refiner’s press office was quoted by the news agency as saying: “We are monitoring the situation in the region.”

See Also:

The landlocked refinery, which was majority-owned by Rosneft, also supplies parts of Poland.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The refinery, which supplies 90% of Germany’s fuel, has received all its crude from Russia via the Druzhba pipeline since its commissioning in 1960s.

A spokesperson for the economy ministry was cited by the news agency as saying last week that the PCK Schwedt refinery can continue to operate at reduced capacity.

Shell, which holds a 37.5% stake in Schwedt refinery, said it was unaffected by the Germany’s decision, reported Reuters.

Shell said in an emailed statement: “Shell remains unaffected by this order as a 37.5% shareholder in PCK Schwedt and will continue to comply with its contractual obligations in accordance with its own shares.”