The federal government is extending the trust administration over the majority owners of the PCK oil refinery in Schwedt, Brandenburg. The Federal Ministry of Economics announced this at the request of the German Press Agency.

In order to secure the energy supply, the federal government is extending the trust administration order for Rosneft Deutschland GmbH and RN Refining on the basis of the Energy Security Act

State Secretary Michael Kellner said that the federal government has been in close contact with, among others, the Polish government since last year on measures to ensure security of supply. “The location has been consolidated in the past few months. There have been no supply bottlenecks. The financially broadly supported package “Securing PCK and accelerating transformation in the East German refinery locations and ports” will align the future with the location and thus secure jobs.”

Avoid Russian oil

The refinery in Schwedt in the Uckermark supplies large parts of northeast Germany with fuel. It is majority owned by two subsidiaries of the Russian state-owned company Rosneft. Until the end of 2022, PCK primarily processed crude oil from Russia. As part of the sanctions imposed because of Russia’s war of aggression against Ukraine, the federal government decided to forego Russian oil. Alternatively, oil comes via Gdansk and Rostock as well as from Kazakhstan.

The federal government imposed trusteeship on Rosneft Deutschland and RN Refining in September 2022