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Mol refinery can tap Hungarian oil reserves

Hungary will allow Mol to tap government oil stockpiles to supply its 161,000 barrel a day Százhalombatta refinery in central Hungary, Kóka said.

Economy Minister János Kóka made the announcement after Russian state pipeline operator OAO Transneft yesterday shut down its Druzhba (Friendship) pipeline, which was moving 1.4 million barrels of oil a day, claiming that Belarusian President Alexander Lukashenko's government was stealing crude. That halted deliveries to Poland and Germany, followed by Slovakia, the Czech Republic and Hungary.
Mol, Hungarian Oil and Gas company, may immediately begin to draw 15,000 tons of crude a day for seven days, enough to supply its Százhalombatta refinery, the company's largest plant, the Hungarian government said. The countries cutoff by the shutdown of Druzhba, Russia's main export pipeline, are now tapping stockpiles to avoid shortfalls. (Bloomberg)