Rosneft Unlikely to Stop Shell’s Sale of German Refinery Stake

Rosneft is likely to fail in its legal challenge against a planned sale of a minority stake in a German refinery that it used to control before Germany took over the Russian oil giant’s assets in the country. Rosneft has a 54% stake in the Schwedt refinery, the fourth-largest refinery in Germany, which gets its oil from the Druzhba oil pipeline from Russia. The Schwedt refinery supplies 90% of the fuel needs of Germany’s capital city Berlin. Shell, which holds a 37.5% interest in the refinery, announced at the end of last…