With direct involvement in three refineries in Bavaria, Brandenburg and Baden-Württemberg, Rosneft will be able to control 12 percent of Germany's capacity, the state-controlled Russian company said.
Rosneft Germany will thus become the third largest company in the oil refining market in the Federal Republic. This demonstrates the deepening cooperation in the field of energy between Russia and Europe on the basis of oil supplies via the Druzhba pipeline, which in the 1960s began supplying Russian oil to Europe. The northern branch passes through Belarus, in the south through the territory of Ukraine.
Rosneft doubled its stake in the second largest refinery, Miro Karlsruhe, from 12 percent to 24 percent. The share of PCK Schwedt will increase from 35 to 54 percent, and the share in BayernOil will increase from 12.5 to 25 percent. Germany is one of the “most promising oil product markets in Europe”.
Rosneft achieved an increase in its share as a result of the reorganization of Ruhr Oel GmbH, a joint venture with BP.
Rosneft acquires stakes in three refineries in Germany
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Azovpromstal® 30 December 2016 г. 13:25 |
