Germany takes control of 3 Russian-owned oil refineries

BERLIN (AP) — Germany is taking control of three Russian-owned refineries in the country to ensure energy security before an embargo on oil from Russia takes effect next year. The Economy Ministry said in a statement Friday that Rosneft Deutschland GmbH and RN Refining & Marketing GmbH will be put under the administration of Germany’s Federal Network Agency. As a result, the agency will also control the companies’ shares in three refineries: PCK Schwedt, MiRo and Bayernoil, located in the east and south of the country. Rosneft accounts for about 12% of Germany’s oil refining capacity, importing several hundred million euros (dollars) worth of oil from Russia every month, the ministry said.