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Germany Will Keep Russian Oil Giant Rosneft Subsidiaries Under Its Control


FILE PHOTO: A logo of Russian state oil firm Rosneft is seen at its office in Moscow
FILE PHOTO: A logo of Russian state oil firm Rosneft is seen at its office in Moscow

The German government said on September 8 it will keep two subsidiaries of Russian oil giant Rosneft under the control of German authorities for another six months. The government announced a year ago that it was putting Rosneft Deutschland GmbH and Rosneft Refining and Marketing GmbH under the administration of Germany’s Federal Network Agency. In March, a German federal court threw out complaints from Rosneft and upheld the decision. The trusteeship gave German authorities control of three Russian-owned refineries. Rosneft accounted at the time for about 12 percent of Germany’s oil refining capacity. To read the original story by AP, click here.

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