Russia’s Rosneft Oil Co PJSC, a major player in the global energy sector, continues to face challenges in its operations, particularly concerning its ownership stake in the PCK Raffinerie in Schwedt, Germany. The company, which operates in various regions of Russia, including Western Siberia, Sakhalin, the North Caucasus, and the Arctic regions, is currently under scrutiny due to its 54% ownership of PCK.

On May 7, 2025, Brandenburg’s Minister of Economics, Daniel Keller, expressed concerns over the future of the PCK Raffinerie. He emphasized the necessity for the German federal government to invest in the refinery and provide longer job guarantees. The minister highlighted the critical role of the PCK Raffinerie in ensuring fuel and crude oil supply for Eastern Germany and parts of Poland.

The uncertainty surrounding the future of the PCK Raffinerie has led to planned protests by employees on May 7, 2025, at 5:00 PM local time in Schwedt. The protest aims to draw attention to the potential job losses and the importance of securing the refinery’s future. Brandenburg’s Minister President Dietmar Woidke and other political figures are expected to attend the demonstration.

The situation at PCK has been a point of contention for some time, with the previous German government aiming for Rosneft to divest its majority stake in the company. However, the current status of the negotiations remains unclear, leaving employees and local authorities anxious about the future of the refinery and its impact on the local economy.

Meanwhile, in India, security measures for petroleum refineries near the western border have been intensified. This includes camouflaging exercises and the activation of air defenses, covering installations that account for more than 38% of India’s total refining capacity. These actions are part of broader security preparations in response to heightened threats in the region.

Rosneft Oil Co PJSC, with a market capitalization of 6,027,180,000,000 RUB, continues to navigate these challenges while maintaining its operations in Russia and its international investments. The company’s stock price closed at 479.1 RUB on September 5, 2024, reflecting the ongoing economic and geopolitical pressures affecting the energy sector.