Shell-Deal burst in Schwedt: What does that mean for the refinery future?

Shell-Deal burst in Schwedt: What does that mean for the refinery future?

The British mineral oil company Prax has taken over the shares of the energy giant Shell on the PCK refinery in Schwedt. This decision comes after long negotiations in which Shell tried to withdraw from the refinery. While Shell sold his minority stake of 37.5 percent, the majority of 54 percent remains in the possession of the Russian state company Rosneft, which is still under trust management, how rbb24 reports.

Sales and strategic importance

The announcement shows that Shell consistently follows the withdrawal from the refiner business, which is considered part of a global strategy that has been planned for a long time. However, this will not remain without challenges, since the Federal Government must continue to maintain control over the refinery through the trust management of the Federal Network Agency. The purchase of Prax secures part of the domestic fuel supply, but the basic Russia problem continues, since the PCK still depends heavily on Rosneft. The Federal Government's trustee wants to decide on the future use of the refinery later, just like it World reported.

Although the purchase price for the Shell shares has not been published, this step could be a strategic expansion for Prax that the oil before! Has taken over petrol stations GmbH and is now striving for a greater presence on the German market. If you consider that the refinery not only provides northeastern Germany, including Berlin, its future stability is crucial for the country's energy supply. Prax plans to continue to buy crude oil for the refinery and drive away the products over your trade network, which underlines the expected continuity of the supply.