The future of Rosneft's assets in Germany, including its 54.17% stake in the PCK Schwedt Refinery, remains unclear after Berlin took control following Russia's invasion of Ukraine.
The German Economy Ministry said on September 2 that the government has extended the trusteeship over the assets of Russian oil company Rosneft in Germany until March 10, 2025, to prepare for the plan to sell these assets to Qatar.
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| PCK Schwedt oil refinery, Germany. (Source: TASS) |
The trusteeship - which allows German authorities to manage businesses still owned by Rosneft - has been extended three times to protect Schwedt's supply and give Rosneft time to find a buyer for its stake.
Rosneft's German operations also include stakes in the MiRo and Bayernoil refineries. Russian media estimate the value of Rosneft's assets in Germany at around $7 billion.
Rosneft has not commented, but a person familiar with the matter said the extension of the mandate is to allow Rosneft to negotiate the sale of its German assets to Qatar. Due diligence is still underway, but it could take time to reach an agreement.
The PCK Schwedt refinery is jointly owned by Shell and Eni. Shell announced in December the sale of a 37.5% stake to the UK's Prax Group.
Source: https://baoquocte.vn/duc-tuong-lai-khoi-tai-san-thuoc-so-huu-cua-cong-ty-dau-khi-nga-rosneft-chua-ro-rang-284834.html
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