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Rosneft Oil Company

December 1, 2015

Rosneft have closed the acquisition of 16.67% share in PCK Raffinerie GmbH from Total

Rosneft and Total have closed the sale and purchase transaction concerning the 66.67% share in AET-Raffineriebeteiligungsgesellschaft mbH, representing a 16.67% effective share in PCK Raffinerie GmbH (Germany).

The deal represents a natural element of Rosneft strategy aimed at strengthening its presence in the key European market, one step further along the added value chain. Together with the ongoing reorganization of Ruhr Oel GmbH, the acquisition of 16.67% effective share in PCK Raffinerie GmbH will allow Rosneft to reinforce its position in the Berlin/Brandenburg area, creating additional synergies for the Company, thanks to direct crude oil supplies via the Druzhba pipeline.

Note for editors:

The transaction was closed in continuation of the Sales and Purchase agreement signed by Rosneft and Total in June at the Saint-Petersburg Economic Forum.

PCK Raffinerie GmbH refinery is located in the city of Schwedt/Oder in Brandenburg, Germany. Primary distillation capacity is 11.5 mln/t. Nelson Complexity index – 9.2. Other shareholders include 37.5% ROG, 37.5% Shell, 8.33% Eni.

In 2014 the overall Rosneft crude oil supplies to Germany accounted to ~20.3 mln tones, which is almost a quarter of all crude oil import of Germany.

In May 2011 Rosneft acquired a 50% share in Ruhr Oel GmbH (ROG) in Germany. ROG holds a share in 4 refineries in Germany (Gelsenkirchen – 100%, Bayernoil – 25%; MiRO – 24%; PCK– 37.5%). The joint venture also holds stakes in 5 pipeline and sea crude oil terminals in the North, Baltic, Mediterranean and Adriatic Seas. Rosneft partner in the JV on a parity basis is BP Europa SE. ROG is the leader of German market in terms of crude oil refining volumes – 21 mln tones in 2014.

Rosneft Information Division
Tel.: + 7 (499) 517-88-97
December 1, 2015

 

 

 

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