Germany Signals It Will Stop Russian-Controlled Oil Refinery

  • Habeck eyes Rostock port for importing crude for key refinery
  • Minister speaks after talks in Poland on oil cooperation deal
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German Economy Minister Robert Habeck signaled a possible change of control at the country’s Schwedt oil refinery that’s run by Russian state-backed producer Rosneft PJSC.

The oil-processing plant, which currently relies on crude piped from Russia, will need to bring in alternative deliveries via the German port of Rostock as it reduces reliance on Russian energy, Habeck said in a video published Wednesday by his ministry. Germany also needs additional support from Poland in securing delivery of oil and that was the reason for Habeck’s visit to Warsaw on Tuesday, he said.