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Trust administration for PCK refinery extended – What does that mean for Schwedt?
The trust management of Rosneft's shares in the PCK refinery in Schwedt was extended until March 2026 to secure supplies.
Trust administration for PCK refinery extended – What does that mean for Schwedt?
In Schwedt everything revolves around the PCK oil refinery, which is majority owned by the subsidiaries of the Russian state-owned company Rosneft. Since the Ukraine war, these shares have been under federal control. As rbb24 reports, the trust administration, which was originally decided for six months, has now been extended until March 10, 2026. This means that the Federal Network Agency can continue to take control of Rosneft Deutschland and the shares in the refineries to ensure the supply of fuel, heating oil and kerosene to the northeast and Berlin.
The Brandenburg Economics Minister Daniel Keller is pleased about this extension. In a recent statement he explains that this is the best option in the current transition phase. The decision-making, it is emphasized, is vital for the continued operation of the refinery and thus also for securing jobs in the region. This is also confirmed by a report from n-tv, which points out that Keller sees trust administration as essential to ensure economic stability.
A look at the future
The reason for the trust administration is clear: After the Ukraine conflict, the federal government was forced to forego the Russian pipeline oil that had been used for decades. This meant that PCK had to look for new sources of supply. Rosneft has announced that it will push ahead with the sale of Rosneft Germany, but uncertainty remains high, as rbb24 notes. The Brandenburg Bundestag member Christian Görke criticizes the federal government's lack of plans and advocates a public takeover of the Rosneft and Shell shares in order to secure regional interests.
Current figures show that the PCK refinery achieved a monthly crude oil processing utilization rate of over 80 percent in the first half of 2025. This underlines the importance of the refinery for the region as well as for Berlin and northeast Germany as a whole. The Ukrainian attack on the Druzhba pipeline, which temporarily disrupted oil deliveries, continues to cast a shadow over future deliveries.
In summary, it can be said that the trust management for the PCK refinery in Schwedt plays a crucial role. Not only for the immediate supply of the population, but also for the economic stability of the region. The coming months will show how the situation develops and what solutions can be found to the challenges.