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Polish Cooperation Requires End to Russian Ownership

ENERGY SECURITY
Political RiskCommoditiesPolitical Risk BulletEnergy BulletsBulletEnergy Technical Analysis

Poland is seeking an end to Russian ownership of the PCK Schwedt refinery in Germany before they help the country secure oil supplies.

  • "Our fundamental condition for any solution to be implemented is an end of Russian ownership at the Schwedt refinery. No business model will be possible on our part without this." The Polish Climate Minister Anna Moskwa said on Thursday.
  • Germany’s Schwedt and Leuna refinery are fed by the northern Druzbha pipeline from Russia but the plan to pivot away from those flows involves sourcing from the global crude markets via Poland’s Gdansk port. The port can import higher volumes than Poland’s domestic refining needs.
  • The German lower house of parliament has worked on a bill this week that is hoped will allow the German government to take operation of the PCK refinery, away from Russia’s Rosneft to ensure domestic energy security. The bill still needs to be passed but would be set to come into effect in June.
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Poland is seeking an end to Russian ownership of the PCK Schwedt refinery in Germany before they help the country secure oil supplies.

  • "Our fundamental condition for any solution to be implemented is an end of Russian ownership at the Schwedt refinery. No business model will be possible on our part without this." The Polish Climate Minister Anna Moskwa said on Thursday.
  • Germany’s Schwedt and Leuna refinery are fed by the northern Druzbha pipeline from Russia but the plan to pivot away from those flows involves sourcing from the global crude markets via Poland’s Gdansk port. The port can import higher volumes than Poland’s domestic refining needs.
  • The German lower house of parliament has worked on a bill this week that is hoped will allow the German government to take operation of the PCK refinery, away from Russia’s Rosneft to ensure domestic energy security. The bill still needs to be passed but would be set to come into effect in June.