Germany Is Confident a Key Refinery Will Be Fine Without Russian Oil
- Talks with Kazakhstan for substitute flows are still ongoing
- Voluntary ban on Moscow’s crude starts in a few days
The PCK Schwedt oil refinery in Schwedt, Germany.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
Germany’s government is confident that a key refinery that provides Berlin and swaths of the eastern part of the country with fuel is well positioned to keep running even as the nation is set to begin its ban on Russian oil in the coming days.
The PCK Schwedt refinery, which depends on Urals crude via the Druzbha link, “has made good preparations in recent months and will be able to produce without Russian oil in January,” a spokeswoman for the Economy Ministry said in a statement to Bloomberg News.