MOL: Halt of Russian oil delivery no problem for Hungary

World

The halting of deliveries of Russian oil products to Hungary that pass through Ukraine will not affect the security or continuity of supply to the country, a spokesman for Hungary-based oil-and-gas company MOL has assured.

The MOL group gets feedstock for its four refineries from a number of sources, and this diversification ensures the security and continuity of supply, the company said in a statement. According to a company statement, the line that was cut off served a “supplementary role” in the supply of raw materials and will not have a noticeable effect on MOL’s operation.

On Monday, the news broke that due to current uncertainty regarding ownership of the pipeline, Russia-based Transneft had ceased diesel shipments to Ukraine and Hungary at the end of April. Spokesman Igor Dyomin informed Reuters news service that Transneft had begun work to decommission the pipeline just before an April 25 court hearing in Ukraine, in which the Ukrainian prosecutor’s office claimed ownership over the pipeline.

“At the moment, we are trying to figure out our position about the pipeline’s future,” Dyomin said.
Crossing through Belarus and Ukraine, the pipeline is the only one carrying Russian oil product to Hungary.

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