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1. www.ft.com › content › 1b74d969-a1fa-4566-adbfShell sells stake in Rosneft-owned refinery to Prax as it ...

   www.ft.com › content › 1b74d969-a1fa-4566-adbf

   Dec 15, 2023 · The FTSE 100 oil and gas giant is selling its 37.5 per cent stake in the PCK refinery in Schwedt, north-east Germany to the London-based oil supply conglomerate Prax Group.

   • Author: Rachel Millard

2. www.prax.com › the-prax-group-signs-an-agreementThe Prax Group Signs An Agreement To Acquire Interest In PCK ...

   www.prax.com › the-prax-group-signs-an-agreement

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   The Prax Group has announced that it has signed a Sales and Purchase Agreement (SPA) to acquire a 37.5% interest in PCK Schwedt Refinery (“PCK”) and its associated logistic assets from Shell Deutschland GmbH. PCK is jointly owned by Shell Deutschland GmbH (37.5%), Rosneft Deutschland GmbH (“RDG”) (37.5%) and AET (25%).

3. oilprice.com › Latest-Energy-News › World-NewsCourt Dismisses Rosneft's Challenge to Shell’s Sale of German ...

   oilprice.com › Latest-Energy-News › World-News

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   Oct 23, 2024 · In late August, reports emerged that Qatar is reportedly in talks to purchase Rosneft’s stake in the PCK Schwedt refinery. Qatar Investment Authority (QIA), the Qatari sovereign wealth fund,...

4. www.reuters.com › markets › dealsShell revives German refinery sale as Russian ownership ...

   www.reuters.com › markets › deals

   Mar 21, 2023 · WARSAW/LONDON, March 21 (Reuters) - Shell (SHEL.L) has relaunched the sale of its stake in the PCK Schwedt (C}RO7309414219) oil refinery outside Berlin after the German government last year...

5. www.shell.com › news-and-insights › newsroomShell sells its minority shareholding in PCK Schwedt joint ...

   www.shell.com › news-and-insights › newsroom

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   Jul 8, 2021 · Shell Deutschland (Shell) has reached an agreement with Alcmene GmbH (part of the Liwathon Group) for the sale of its non-operated 37.5% shareholding in the Germany PCK Schwedt Refinery.

6. tankterminals.com › news › rosneft-to-becomeRosneft to Become Germany's Number Two Refiner After Move on ...

   tankterminals.com › news › rosneft-to-become

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   Nov 22, 2021 · Rosneft already owns a 24% stake in the 310,000 b/d Miro refinery and a 28.57% interest in the 206,000 b/d Bayernoil plants at Neustadt and Vohburg. The Schwedt deal would see its share of Germany’s 2 million b/d refining capacity rise from 12% to 17%.

7. People also ask

   Who owns PCK Schwedt refinery?

   • The Prax Group has announced that it has signed a Sales and Purchase Agreement (SPA) to acquire a 37.5% interest in PCK Schwedt Refinery (“PCK”) and its associated logistic assets from Shell Deutschland GmbH. PCK is jointly owned by Shell Deutschland GmbH (37.5%), Rosneft Deutschland GmbH (“RDG”) (37.5%) and AET (25%).

   The Prax Group Signs An Agreement To Acquire Interest In PCK Schwedt

   www.prax.com/the-prax-group-signs-an-agreement-to-acquire-interest-in-pck-schwedt-refinery-from-shell-deutschland-gmbh/

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   Who owns the Schwedt refinery?

   • The Schwedt refinery is 54.17 per cent owned by Russia’s state-owned oil company Rosneft, although the German government took control of that stake last year to try to shore up energy supplies following Russia’s invasion of Ukraine.

   Shell sells stake in Rosneft-owned refinery to Prax as it cuts Russia links

   www.ft.com/content/1b74d969-a1fa-4566-adbf-0703568ac5d7

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   Does Rosneft own the Schwedt refinery?

   • That included Rosneft's 54.17% of the Schwedt refinery. A German court last week threw out an appeal by Rosneft over the move. Shell this week opened a data room for potential buyers with information on the refinery's operations, costs and revenues, the two source said. A Shell spokesperson declined to comment.

   Shell revives German refinery sale as Russian ownership cleared

   www.reuters.com/markets/deals/shell-revives-german-refinery-sale-russian-ownership-cleared-2023-03-21/

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   Why has Shell relaunched its PCK Schwedt oil refinery?

   • Shell has relaunched the sale of its stake in the PCK Schwedt oil refinery outside Berlin after the German government last year took control of the plant from its Russian operator, industry sources told Reuters.

   Shell revives German refinery sale as Russian ownership cleared

   www.reuters.com/markets/deals/shell-revives-german-refinery-sale-russian-ownership-cleared-2023-03-21/

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   Why did Shell sell PCK Schwedt?

   • FRANKFURT/BERLIN, Dec 15 (Reuters) - Shell said on Friday it had agreed to sell its 37.5% stake in the PCK Schwedt oil refinery, which supplies most of Berlin's fuel, to Britain's Prax Group, attempting to draw a line under its co-ownership of an asset majority-owned by Russia's Rosneft.

   Shell to sell Schwedt refinery stake to UK's Prax Group

   www.reuters.com/business/energy/shell-agrees-sell-stake-germanys-schwedt-refinery-prax-group-2023-12-15/

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   Does shell own a German refinery?

   • Shell has struck a deal to sell its stake in a German refinery co-owned with Russia’s Rosneft as it continues to cut ties with Moscow and reshape its refining portfolio. The FTSE 100 oil and gas giant is selling its 37.5 per cent stake in the PCK refinery in Schwedt, north-east Germany to the London-based oil supply conglomerate Prax Group.

   Shell sells stake in Rosneft-owned refinery to Prax as it cuts Russia links

   www.ft.com/content/1b74d969-a1fa-4566-adbf-0703568ac5d7

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8. www.reuters.com › business › energyShell to sell Schwedt refinery stake to UK's Prax Group

   www.reuters.com › business › energy

   Dec 15, 2023 · Shell (SHEL.L) restarted efforts to sell the stake earlier this year after the German government put the local units of Rosneft (ROSN.MM), which owns 54.17% of the refinery, under trusteeship...