Hungary manages to agree on Russian oil supplies via Ukraine - Bloomberg

Hungary manages to agree on Russian oil supplies via Ukraine - Bloomberg

Kyiv  •  UNN

September 9 2024, 05:26 PM  •  49432 views

Mol will take over the supply of crude oil at the Belarusian-Ukrainian border from September 9. This will provide a sustainable solution for the transportation of oil through the Druzhba pipeline to Hungary and Slovakia.

On Monday, September 9, it became known that Hungary was able to agree on the supply of Russian crude oil through a pipeline passing through Ukraine. This was reported by Bloomberg and UNN .

Details

According to the agreement, Mol, which controls refineries in Hungary and Slovakia, will take over the supply of crude oil at the Belarusian-Ukrainian border starting September 9.  

Bloomberg emphasized that until now, the Russian side has been responsible for the supply of crude oil to  Hungary and Slovakia. 

The new agreement provides a sustainable solution for the transportation of crude oil through the Druzhba pipeline

- said Gabriel Sabo, Executive Vice President of Mol Downstream

Russian oil exports to Hungary and Slovakia remained normal in July despite Lukoil's ban - BloombergAugust 29 2024, 11:00 AM • 15813 views

Addendum

As you know, Hungary and Slovakia are landlocked countries that have been granted temporary exemptions from the EU's energy sanctions against Russia.

However, after Ukraine tightened sanctions against Lukoil in July, Hungary and Slovakia were forced to negotiate  for crude oil through producers such as PJSC Tatneft .  

Recall

In August , Budapest announced that the Hungarian company MOL could take over the transportation of oil from the Russian-Ukrainian border. However, such a decision could raise the price by $1.5,