Shell Drops Plans to Sell Schwedt Refinery | Bermuda News

Shell’s 37.5% stake in the troubled German refinery PCK Schwedt is off the table after failed talks with Polish firm Unimot, which had been in advanced discussions since 2023. The plant, majority-owned by Russian state firm Rosneft and now under German government trusteeship since Russia’s invasion of Ukraine, has long been a geopolitical headache. With no public details from either party and no immediate buyers in sight, Shell’s next move remains uncertain as global tensions continue to shape the refinery’s future. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/b7af7c470d3a6837