Overview

• The federal taskforce convened on July 22 under Premier Dietmar Woidke with new State Secretary Frank Wetzel to set a long-term strategy for the Schwedt refinery.
• Berlin reaffirmed its preference for Rosneft to divest its 54 percent stake but acknowledged it lacks authority to force a sale.
• Trusteeship of Rosneft’s shares and a recently extended employment guarantee protect around 1,200 refinery jobs.
• By sourcing increased crude volumes from Kazakhstan, PCK has sustained about 84 percent utilization while awaiting EU clearance of a €400 million pipeline expansion.
• Plans for climate-neutral upgrades and synthetic e-fuel projects remain in development as part of the refinery’s future transformation.