Budapest is considering a solution for oil transit from the Russian-Ukrainian border: Hungarian MOL could take over
Kyiv • UNN
Budapest has said that the Hungarian company MOL may take over the transportation of oil from the Russian-Ukrainian border. This could raise the price by $1.5, with the Hungarian government seeking to avoid a rise in consumer prices.
Budapest has announced a solution to the issue of oil transit from the Russian-Ukrainian border, under which the Hungarian oil and gas company MOL could take over the task. This was stated on Thursday by the head of the office of the Hungarian Prime Minister Gergely Gulyás, UNN reports with reference to Index.hu.
Details
Gulyash, as stated, "spoke about the difficulties with the transportation of crude oil, MOL can take on the task from the Russian-Ukrainian border." As a result, he said, a barrel could be about a dollar and a half more expensive, "there is no free solution, but at least there is a solution.
In Gulyash's opinion, "it seems that the Ukrainian side may also agree with this."
This, he said, will become certain when everything is signed. At the same time, as indicated, the Hungarian government does not want consumer prices to rise after that.
Context
Supplies to Russia's largest oil exporter, Lukoil, were cut off in July after Ukrainian authorities banned Lukoil from using the Druzhba pipeline, which connects Russia to Eastern Europe.
Hungary and Slovakia asked the European Commission to intervene and mediate, claiming that it threatened their security of supply.
At the same time, according to media reports, flows from Russian suppliers other than Lukoil continued through Druzhba.
