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Federal government announces billions in aid for refinery sites

2022-09-16T12:55:00.195Z


"A decision to protect our country": Chancellor Scholz justified the takeover of the German refineries of the Russian Rosneft group - and promised support for the affected regions.


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Economics Minister Habeck, Chancellor Scholz, Brandenburg's Prime Minister Woidke: "Launches should be avoided"

Photo: CLEMENS BILAN / EPA

Federal Chancellor Olaf Scholz described the concept for securing the PCK refinery in Brandenburg as a "far-reaching energy policy decision to protect our state".

Russia is no longer a reliable partner, said the SPD politician on Friday.

The federal government is doing everything to secure the supply of energy and especially oil.

One billion euros would be invested at the locations in the coming years as part of a future package.

The city of Schwedt alone accounts for 800 million euros of this.

The location and the jobs are thus secured.

Nobody in the PCK refinery has to worry about their jobs.

"Launches should be avoided," says Scholz.

The compensatory measures for Schwedt should also include the establishment of a “startup laboratory”.

After saying goodbye to Russian oil, it is about "pushing forward the transformation," said the Chancellor.

Scholz: Not spoken to Putin about Rosneft

The federal government had announced in the morning that the majority owners of the PCK refinery – two subsidiaries of the Russian state-owned company Rosneft – would be placed under trusteeship by the Federal Network Agency and thus under state control.

The background is the oil embargo against Russia because of the Russian attack on Ukraine, which took effect on January 1st.

At the EU level, Germany has committed itself to refraining from Russian pipeline oil.

Until now, PCK has been supplied with Russian oil via the so-called »Drushba Pipeline«.

According to the Economics Ministry, Rosneft had little interest in turning away from Russian oil.

SPIEGEL had already reported on the plans on Thursday (click here for the article).

Chancellor Scholz had a long phone call with Russian President Vladimir Putin during the week, one and a half hours.

However, according to Scholz, it was not about the upcoming decision on Schwedt.

beb/dpa

Source: spiegel

All business articles on 2022-09-16

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