Germany Extends Rosneft Trusteeship, Avoiding Nationalization ...Middle East

Following Russian Rosneft’s move to sell its refinery assets in Germany last week, Berlin on Thursday announced it would extend its trusteeship over the local Rosneft subsidiaries until mid-September to avoid nationalization.  This is the third time Germany has extended the trusteeship of Rosneft PJSC, with the new extension set to expire on September 10, giving Moscow time to divest its assets. The current trusteeship period was set to expire on March 10.  Last week, Rosneft launched a sales process seeking to divest its German…

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