Future of the PCK refinery Schwedt: Trust Management extended!

Future of the PCK refinery Schwedt: Trust Management extended!

in Schwedt it has bubbled in the past few months. The PCK refinery, which is known as the subsidiary of the Russian Rosneft Group, is still under trust management. On September 10, 2025, it will be decided whether this regulation will be extended. Until then, the plans for a sale have stalled and the uncertainty remains great.

The trust management was recently extended by another six months, as reported by the rbb24 The federal government sees the need to maintain control over the German subsidiaries of Rosneft to ensure energy supply in Berlin and Brandenburg. It is not good business that potential buyers from Kazakhstan, Poland, India and Qatar have withdrawn their interest in the refinery. And it is also unclear how it is with an alleged interest from the USA.

The situation of the PCK refinery

Trust management or expropriation? This question is in space because economic and political forces meet. Brandenburg's Minister of Economic Affairs Daniel Keller (SPD) explains that an extension of the trust is regarded as the best solution for a possible later sale. In contrast, some MPs such as Christian Görke (left) and Michael Kellner (Greens) call for an immediate expropriation of the refinery. "There is something," one says in such cases, because even the possible financial consequences cannot be neglected: In the event of expropriation, there should be compensation claims, and delivery could be unsure.

A look at the numbers: The refinery has reached an occupancy rate of 85 percent since the temporary switch to Kazakh oil, while the import of Russian oil has been stopped since the beginning of 2023. The federal government has recognized that this is crucial for the multinational supply chain. But despite a sales process that Rosneft has launched Russia, the return to old habits remains excluded.

What's next?

The Federal Ministry of Economics is reluctant to speculate about future development, but the discussion about possible expropriation ensures that the topics are in the foreground and jobs. An official statement emphasizes that the trust management is necessary to maintain the operation of the refineries and to ensure energy security in the region. This not only ensures heating oil and kerosene, but also supplies large parts of the northeast with fuel and chemical products, which is essential for many jobs, so the Federal Minister of Economics .

The next few months will promise tension and uncertainty for the PCK refinery in Schwedt. All eyes are aimed at the decisions of the Federal Government, while interest in the former Russian oil business disappears and new ways have to be sought.