The economy ministry said in a statement that Rosneft Deutschland GmbH and RN Refining & Marketing GmbH will be placed under the administration of Germany’s Federal Network Agency. As a result, the agency will also control the shares of companies in three refineries: PCK Schwedt, MiRo and Bayernoil, located in the east and south of the country. Rosneft accounts for about 12 percent of Germany’s oil refining capacity, importing several hundred million euros worth of oil from Russia each month, the ministry said. It said the move would help ensure continuous energy supply and was initially slated to last six months. Rosneft had previously made it clear that it had no intention of ending imports of Russian oil, despite the impending EU embargo due to take effect on January 1, 2023. The ministry said a long-term plan would also be announced for the future of the PCK refinery in Schwedt, which employs about 12,000 people and supplies oil products to much of northeastern Germany including Berlin.
