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Germany Decision On Schwedt Oil Supplies Next Week

REFINING

Germany plans to make a decision on oil supplies for the Schwedt refinery next week, following German-Polish negotiations on how German refineries will operate from next year without Russian oil, the economy ministry said.

  • Germany and Poland have continued negotiations on supplies to the Schwedt refinery, as Poland provides 90% of its oil.
  • "We are now evaluating the talks within the federal government and are currently expecting a decision from the federal government by the end of next week," the German economy ministry spokesperson told Reuters.
  • Germany and Poland signed a deal earlier this month to try and secure oil supply for its refineries currently depended on Russian flows via the Druzhba pipeline.
  • Poland has been seeking German support to impose EU sanctions on the Polish-German section of Druzhba so that Poland can abandon a deal to buy Russian oil next year without paying penalties.
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