Rosneft Buys 50% Of German Ruhr Oel From Venesuelan PDVSA

The largest Russian oil company Rosneft buys from Venesuelan PDVSA a 50 percent stake in the German Ruhr Oel, which owns a number of refineries in Germany. The corresponding agreement was signed in Moscow on Friday.

PDVSA owns Ruhr Oel GmbH jointly with the British BP. Negotiations with the Venezuelan company on the redemption of its share with Rosneft began in April.

Ruhr Oel GmbH controls from 24% to 100% in four German refineries - Gelsenkirchen, Bayern-oil, Miro and Schwedt. The total capacity of processing plants is 50 million tonnes, representing around 25% of refining capacity in Germany.
By Materials of RIA Novosti