Germany’s Rosneft Seizure Kicks Off Oil Infrastructure Test
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Germany’s seizure on Friday of Russian oil assets has been a possibility for months, but the measure kicks off what promises to be a stern test of Berlin’s contingency planning.
Rosneft Deutschland GmbH and RN Refining & Marketing GmbH, which have gone into trusteeship, had been the third-biggest oil refiner in Germany, handling about 90 million barrels of crude a year. At least half those barrels were being processed at the Schwedt refinery near Berlin and coming in from Russia’s giant Druzhba pipeline.