There is no decision on oil supplies to Germany
2022.12.09 10:24
There is no decision on oil supplies to Germany
Budrigannews.com – The Economy Ministry announced late on Thursday that Germany anticipates making a decision regarding how Russian oil will be supplied to the Schwedt refinery next week.
Berlin has been working with Poland for months to secure supplies for Schwedt, which provides 90% of Berlin’s fuel, and its goal is to stop importing oil from Russia by the end of the year.
Ministers from both nations stated earlier this month that the two sides want to guarantee that both German refineries in Schwedt and Leuna and Polish refineries in Gdansk and Plock receive sufficient supplies of
On Thursday, the two governments met in Berlin to talk about how the embargo on Russian oil could affect the two German refineries and how they could continue to operate.
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In response to a Reuters inquiry, a spokeswoman for the Economy Ministry stated, “Talks have been very good.” The spokesperson continued, “We are currently evaluating the talks within the federal government and are currently anticipating a decision from the federal government by the end of the following week.”
As part of efforts to improve the nation’s energy supply, Germany took control of the Schwedt refinery in September. Rosneft, a Russian company, owned the majority stake.
Despite the fact that it placed Rosneft Deutschland under the trusteeship of the German regulator of the industry, Rosneft still owns 54.17% of the refinery.
Shell, a major oil company, holds co-shares in Schwedt (LON:). with a 37.5% stake and 8.33% ownership by Eni of Italy.
This month, Germany and Poland signed a memorandum of understanding on oil logistics. This could help Poland’s top refiner, PKN Orlen, pursue its interest in Schwedt and unlock non-Russian flows.
