Russia’s Rosneft Oil Co PJSC, a major player in the energy sector, continues to face challenges as it holds significant stakes in European refineries. On May 7, 2025, concerns emerged regarding the future of the PCK refinery in Schwedt, Germany, where Rosneft holds a 54% stake. The refinery’s uncertain future has led to heightened tensions among employees and local politicians.

Brandenburg’s Minister for Economic Affairs, Daniel Keller, has called for the federal government to step in with investments and longer-term job guarantees for the Schwedt refinery. The minister emphasized the critical role of the PCK refinery in supplying gasoline and crude oil to eastern Germany and parts of Poland. The refinery’s closure would have significant economic and logistical implications for the region.

Scheduled for May 7, 2025, a protest is planned by the refinery’s employees to draw attention to their concerns about job security and the refinery’s future. The event, set to take place at 17:00 local time, will see the participation of Brandenburg’s Minister President Dietmar Woidke and other political figures. The protest reflects the broader uncertainty surrounding the ownership structure of PCK, which currently employs around 1,200 people.

The situation at the Schwedt refinery mirrors broader geopolitical tensions in the energy sector. In a separate development, India has increased security measures for its petroleum refineries near the western border, covering installations that account for more than 38% of India’s total refining capacity. These measures include camouflage exercises and the activation of air defenses, highlighting the growing importance of securing energy infrastructure in the face of geopolitical risks.

Rosneft, with a market capitalization of 6,027,180,000,000 RUB, continues to navigate these challenges while maintaining its operations across various regions of Russia, including Western Siberia, Sakhalin, the North Caucasus, and the Arctic regions. The company’s stock price closed at 479.1 RUB on September 5, 2024, reflecting the ongoing economic and political pressures affecting the company’s valuation.