Rosneft closes deal to purchase 16.67% stake in Schwedt refinery from Total

Rosneft and Total closed the deal for selling 66.67% interest in AET-Raffineriebeteiligungsgesellschaft Schwedt.

Rosneft and Total closed the deal for selling 66.67% interest in AET-Raffineriebeteiligungsgesellschaft Schwedt, which represents a 16.67% effective interest in the refinery in Schwedt, Germany (PCK Raffinerie GmbH), Rosneft said Tuedsay.

"This transaction is an organic element of the Rosneft strategy, aimed at expanding its presence in key markets in Europe and to advancing the value chain. However, together with the ongoing reorganization of Ruhr Oel GmbH, the acquisition of a 16.67% effective interest in PCK Raffinerie GmbH would allow Rosneft to strengthen its position in the region of Berlin/Brandenburg, creating additional synergies for the company due to the direct supply of oil through the pipeline "Druzhba"," the company’s statement said.

First published by TASS.

All rights reserved by Rossiyskaya Gazeta.

More exciting stories and videos on Russia Beyond's Facebook page
Read more

This website uses cookies. Click here to find out more.

Accept cookies