Germany expects to extend the trusteeship of Rosneft's German assets as Qatar emerges as a potential buyer for the Schwedt refinery.
Germany expects to extend for another six months its trusteeship over the German assets of Rosneft while Qatar and the Russian oil giant are reportedly in talks over a sale to the gas-rich Gulf nation, sources with knowledge of the situation told Reuters on Monday. Schwedt is the fourth-largest refinery in Germany , it is 54% owned by the Russian state oil giant, and it gets its oil from the Druzhba oil pipeline from Russia.
Now the extension of the trusteeship, which ends on September 10, is reportedly in anticipation of the negotiations for the sale of the Rosneft assets to Qatar, according to Reuters’s sources. The extension would be the fourth time Germany has prolonged the period of trusteeship since September 2022. Rosneft is Germany's third-largest petroleum refinery company, processing roughly 12.5 million tons of crude oil per year.
Rosneft Schwedt Refinery Trusteeship Qatar Qatar Investment Authority Energy Supply Russian Invasion Of Ukraine Oil And Gas Energy Security
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