Reuters: Germany to ease Rosneft exit from Schwedt refinery
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The German authorities plan to make it easier for Rosneft to sell a stake in an oil refinery in the city of Schwedt. The agency got acquainted with the relevant bill Reuters.
The document amends the law on energy security. The bill proposes to provide an opportunity to remove the condition for the mandatory nationalization of an asset that has come under the effective control of the government, if its sale is necessary for the functioning of the German energy sector.
In September 2022 Germany took under control of the oil refining assets of Rosneft in the country. We are talking about minority stakes in two refineries and a controlling stake in the refinery in Schwedt, which is focused on deliveries through the Druzhba oil pipeline. Now Rosneft still owns 54.17% of the plant in Schwedt.
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