Tag #German Energy Security

What is the main obstacle to the PCK oil refinery's continued operation, and what are the immediate consequences of this obstacle?

Brandenburg's Minister President Dietmar Woidke is pushing for clarification of the ownership structure at the PCK oil refinery in Schwedt. The unresolved ownership issue, still unclear due to the federal government, is hindering further development of the refinery, which employs approximately 1200 people. The refinery is majority-owned by the Russian state-owned company Rosneft, although the federal government has taken control of Rosneft's shares via a trust.