Oil embargo – chances for a refinery in Schwedt – economy

The federal government sees good chances of maintaining the PCK refinery with around 1,200 employees in the event of an oil embargo by the European Union against Russia. From the beginning, it was always about maintaining this site in its entirety, said Economics Minister Robert Habeck (Greens) on Monday during a visit to the refinery. The preparations for new oil wells via ships via Rostock, for the financing of losses by the federal government and for a possible trust structure – the Russian state-owned company Rosneft is currently the majority shareholder – are already underway. “If all three work, then you have job security for the near future. (…) We need Schwedt.” However, the Economics Minister again warned of possible supply bottlenecks.

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