Hungarian MOL reaches agreements securing Druzhba crude deliveries
Hungarian oil and gas company MOL on Monday announced that it concluded agreements to secure the continuous transport of crude through the Druzhba pipeline through Belarus and Ukraine to Hungary and Slovakia.
Securing crude through the Druzhba pipeline
Under the agreements with crude suppliers and pipeline operators, MOL Group will take over ownership of the affected volumes of crude at the Belarus-Ukraine border, effective September 9.
The updated transportation agreements and the new takeover arrangements fully comply with all relevant sanctions and provisions, including those of the European Union and Ukraine, MOL said.
Gabriel Szabó, MOL Group‘s downstream VP, said the new arrangement provided a “sustainable solution” for crude transport through the Druzhba pipeline and would contribute to the security of supply in Hungary and Slovakia.
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Oh no, we secured a significant part of our energy supply. How terrible. OrBAn BaD!
Good news but, really, we need to take decisive steps toward achieving energy independence insofar as possible. Drill, frack, nuclear, hydro… – oh, and the finger to the greenies.