Rosneft warns of consequences for Germany of Russian oil replacement

Rosneft reported that it predicts an increase in fuel prices in Germany when changing the oil at the RSK Raffinerie GmbH refinery in Schwedt. TASS.

The company said that in connection with the current situation with oil supplies to Europe, the plant’s shareholders are considering various options for using oil types outside the Russian Urals for fuel processing, in particular, opportunities are being explored to diversify their supply routes. mixing raw materials and different grades of oil into refineries. In this context, a test batch of oil sent to the RSK refinery arrived at the port of Rostock from the USA.

Rosneft noted that the cost of American raw materials is one-third higher than the price of Russian oil under long-term contracts, and the transportation of oil by tankers will also cost more. The company calculated that the additional costs of replacing the Urals with alternative raw materials would be up to $20 million.

Rosneft also recalled that the pipeline from the port of Rostock allows the refinery to be only half loaded with raw materials, unlike the Druzhba oil pipeline. The Russian company emphasized that it is impossible to replace these volumes “both physically and technologically.”

Earlier, the German Ministry of Economy said that the RSK refinery will not exit the EU embargo on Russian oil supply, the plant receives Ural oil through the Druzhba pipeline, the passage of which is not subject to EU sanctions.

Germany plans To completely abandon oil supplies from Russia by the end of 2022.

Source: Gazeta


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