Rosneft exercised the pre-emption right for 37.5% share of the PCK (Schwedt) refinery from Shell. Relevant notifications have been shared with the partner. The transaction is subject to government and regulatory approvals. As result of the purchase, Rosneft will increase its shareholding in PCK from 54.17% to 91.67%.

PCK is one of the most technologically complex refineries in Germany, with a Nelson index of 9.8. Rosneft plans to strengthen the technological leadership of the refinery, including through the implementation of low-carbon projects, considering the current environmental agenda of the EU. The company is already developing projects aimed at the production of cleaner fuels, such as "green" hydrogen and sustainable aviation fuel. Work in this direction will continue”.

Rosneft is the third largest player in the German oil refining market. Operating activities are carried out by Rosneft Deutschland GmbH, a subsidiary of the Company. This company manages both the supply of crude oil to the refineries, the shares of which belong to Rosneft (PCK Raffinerie GmbH, MiRO refinery, Bayernoil refinery), and sales of petroleum products. The PCK Raffinerie GmbH refinery is located in Schwedt, Brandenburg. The location of the refinery makes it possible to supply Urals crude through the Druzhba pipeline. The capacity of the refinery is 11.6 million tons per year (Rosneft's current share in the capacity is 6.3 million tons per year), the Nelson complexity index is 9.8. Current shareholders: Rosneft - 54.17%, Shell - 37.5%, Eni - 8.33%.

Rosneft Acquires 37.5% Share in German PCK Refinery

Strategic Research Institute

Related Stories