German refinery wants state aid to improve pipeline
Published by Sara Simper,
Editorial Assistant
World Pipelines,
German oil refinery, PCK Schwedt has applied to the economy ministry for €400 million in state aid to help it upgrade the Rostock-Schwedt pipeline, the local authority in Brandenburg said on Tuesday 11 July following a meeting at the facility.
PCK head, Ralf Schairer informed officials of the requested aid at a meeting of a task force set up to secure the refinery's future in the wake of Russia's invasion of Ukraine. Russian energy group Rosneft has a majority stake in PCK Schwedt, which has traditionally supplied 90% of the fuel used in Germany's capital, Berlin.
In April, Germany approved a law that would allow a quick sale of Rosneft's stake in the refinery, but it's unclear when or how this might happen. Rosneft sued Berlin in October for taking control of its German unit, and its law firm said in April the German government's actions amounted to ‘expropriation’. Schwedt's other shareholders are oil majors Shell and Eni.
An agreement with Kazakhstan to supply oil to Germany ensures continuity in oil supplies at the refinery and allows it to increase capacity utilisation by about 10 percentage points, Brandenburg premier Dietmar Woidke said in a statement.
Read the latest issue of World Pipelines magazine for pipeline news, project stories, industry insight and technical articles.
World Pipelines’ July 2023 issue
Here’s a preview of the July 2023 issue of World Pipelines: the keynote article focuses on pipeline activity in South America; technical articles cover compressors, pipeline mapping and welding; and there’s insight into CO2 transport and HDD best practice.
Read the article online at: https://www.worldpipelines.com/project-news/12072023/german-refinery-wants-state-aid-to-improve-pipeline/
You might also like
World Pipelines Podcast: Going global with IPLOCA
In this episode, Elizabeth Corner speaks to Georges Hage, Executive Secretary at IPLOCA, about IPLOCA's insights on the culture and characteristics of the pipeline contractor community, and how it works to support sustainable energy infrastructure.
Construction begins on Greensand’s carbon dioxide transit terminal at Port Esbjerg
When the tanks are full, the liquefied carbon dioxide will be loaded onto a dedicated carrier from Royal Wagenborg and shipped to the INEOS Nini platform in the Danish North Sea. From there, it will be safely injected via pipeline into subsurface reservoirs approximately 1800 m beneath the seabed for permanent storage.
