MOL, Slovnaft undertake €80 mln pipeline modernization

Analysis

Hungarian oil and gas company MOL and its Slovakian unit Slovnaft will spend about €80m to modernize the Adria oil pipeline that runs between the two countries, Slovnaft said on Tuesday.

The investment will significantly boost the crude pipeline capacity that runs between Slovakia and Hungary and will finally give Slovakia an alternative source of supply, said Slovnaft spokesman Anton Molnar in Bratislava.

Slovnaft has asked crude delivery company Transpetrol to join the project.

ADVERTISEMENT

Slovakia economic sentiment weakens in June Analysis

Slovakia economic sentiment weakens in June

Lawmakers postpone expanded data provision for tourism secto... Parliament

Lawmakers postpone expanded data provision for tourism secto...

MNB and Budapest Institute of Banking executive director Ger... Podcasts

MNB and Budapest Institute of Banking executive director Ger...

FINA head thanks Hungary for hosting 2022 worlds City

FINA head thanks Hungary for hosting 2022 worlds

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.