Particle.news

Download on the App Store

Germany Weighs Extending Trusteeship of Rosneft’s PCK Refinery in Schwedt

The ministry is evaluating prolonging federal control to safeguard refinery jobs in a move that supports decarbonization plans despite legal uncertainty over Rosneft’s stake

Technische Anlagen zur Rohölverarbeitung auf dem Gelände der PCK-Raffinerie GmbH. Die Raffinerie in Schwedt in der Uckermark im Nordosten von Brandenburg versorgt große Teile des Nordostens Deutschlands mit Treibstoff.
Image

Overview

  • Berlin is reviewing an extension of the trusteeship set to lapse on September 10, 2025, to keep strategic oversight of the PCK-Raffinerie’s operations
  • Prolonging federal custodianship could prompt renewed lawsuits from Rosneft and compensation claims that analysts estimate could reach €8 billion
  • The government has renewed its employment guarantee for PCK’s workforce to secure jobs and regional economic stability
  • Officials are drafting a future-proof concept for the refinery that focuses on decarbonization and sourcing non-Russian crude
  • After decades of relying on Russian Druzhba pipeline oil, the refinery has shifted to alternative suppliers since early 2023 following Germany’s sanctions decisions