The government said it had been forced to intervene because the Russian ownership of the refineries had placed their business operations “in danger”. “Key, critical service providers such as suppliers, insurance companies, banks, IT companies, but also customers, were no longer prepared to work...
That suggests the ownership limbo over a key refinery that got cut off Russian shipments is set to persist. The state’s temporary trusteeship over Rosneft Deutschland and RN Refining & Marketing GmbH will expire on Sept. 10, and will be prolonged until March 2025. The trusteeship can be ex...
Under the order, BNetzA assumed control of the day-to-day management of Rosneft’s German subsidiaries, and it appointed new (interim) management. While Rosneft Russia maintained legal ownership of the shares in the two German companies, it lost its voting rights from these shares and thus wa...
The company plans further increase in production and jet fuel sales in Germany and on the European market as a whole. Rosneft Deutschland clinched several deals for jet fuel sales since the beginning of its marketing operations in Germany in 2019, the company says, including the contract with Ae...