Business Steinmeier on a state visit
Kazakhstan supplies Germany with crude oil for the PCK refinery in Schwedt
Status: 20.06.2023 | Reading time: 2 minutes
Federal President Frank-Walter Steinmeier is welcomed by Kassim-Schomart Tokayev, President of the Republic of Kazakhstan, at the Ak Orda Palace
Source: dpa/Jens Büttner
You can listen to our WELT podcasts here
In order to display embedded content, your revocable consent to the transmission and processing of personal data is required, since the providers of the embedded content as third-party providers require this consent [In diesem Zusammenhang können auch Nutzungsprofile (u.a. auf Basis von Cookie-IDs) gebildet und angereichert werden, auch außerhalb des EWR]. By setting the switch to “on”, you agree to this (which can be revoked at any time). This also includes your consent to the transfer of certain personal data to third countries, including the USA, in accordance with Art. 49 (1) (a) GDPR. You can find more information about this. You can withdraw your consent at any time via the switch and via privacy at the bottom of the page.
Because the PCK refinery does not use Russian oil, other sources of supply have to be found. Kazakhstan is one of them. During the state visit of Federal President Frank-Walter Steinmeier, the Central Asian state announced a monthly delivery of 100,000 tons.
The PCK refinery in Schwedt, Brandenburg, is to receive 100,000 tons of crude oil from Kazakhstan every month by the end of 2024. A corresponding agreement between the German and Kazakh sides was reached on Tuesday during the state visit of Federal President Frank-Walter Steinmeier to the Central Asian state. With the long-term supply, the utilization of the refinery will increase by about ten percentage points, according to the information.
In a joint press conference with Kazakh President Kassym-Jomart Tokayev, Steinmeier welcomed the additional deliveries. This secures the future of the Schwedt location and thus also the fuel supply in East Germany. “This is good news for Schwedt and good news for energy security in Germany.”
The PCK refinery supplies Berlin and large parts of north-eastern Germany with fuel. Until the end of 2022, it mainly processed crude oil from Russia. In the course of the sanctions against Russia because of the war of aggression against Ukraine, the German government decided not to use Russian oil. Since then, other sources of supply and new delivery routes have been sought. Kazakhstan has already stepped in with deliveries several times in the past few months.
You can listen to our WELT podcasts here
In order to display embedded content, your revocable consent to the transmission and processing of personal data is required, since the providers of the embedded content as third-party providers require this consent [In diesem Zusammenhang können auch Nutzungsprofile (u.a. auf Basis von Cookie-IDs) gebildet und angereichert werden, auch außerhalb des EWR]. By setting the switch to “on”, you agree to this (which can be revoked at any time). This also includes your consent to the transfer of certain personal data to third countries, including the USA, in accordance with Art. 49 (1) (a) GDPR. You can find more information about this. You can withdraw your consent at any time via the switch and via privacy at the bottom of the page.
“Everything on shares” is the daily stock exchange shot from the WELT business editorial team. Every morning from 7 a.m. with our financial journalists. For stock market experts and beginners. Subscribe to the podcast at Spotify, Apple Podcast, Amazon Music and Deezer. Or directly by RSS-Feed.