US EditionHungary's Magyar: Oil Flows via Druzhba Pipeline Could Resume Next Week
Peter Magyar said MOL expects the Druzhba pipeline to restart next week as Hungary and Slovakia seek to restore Russian oil supplies.
- On Friday, election winner Peter Magyar announced that Russian oil flows via the Druzhba pipeline through Ukraine could resume next week, citing information from Hungarian MOL Group CEO Zsolt Hernadi.
- The pipeline's suspension followed an outage Kyiv attributed to a Russian attack in January; Magyar's Tisza party ended Prime Minister Viktor Orban's 16-year rule in the April 12 election.
- Hernadi will travel to Russia to discuss supplies, though Magyar noted that "restarting the infrastructure alone would not be sufficient, as oil must also be available" for transport.
- MOL currently relies on the Adriatic pipeline from Croatia to maintain supplies while the government maintained the protected fuel price cap at the incoming prime minister's request.
- Gergely Gulyas, Head of the Prime Minister's Office, confirmed the government signed the fuel cap decree on Friday, though the new National Assembly must approve it to ensure continuity after the transition.
26 Articles
26 Articles
Hungary Anticipates Restart of Russian Oil Flows Through Ukraine Next Week
Oil flows from Russia to Hungary via the Druzhba pipeline could resume as early as next week following a months-long disruption, according to incoming Hungarian Prime Minister Peter Magyar, Bloomberg reported on April 17. Speaking to reporters, Magyar cited conversations with Zsolt Hernadi, the head of the Hungarian oil and gas refiner MOL. Magyar noted that Hernadi confirmed the impending restart of the pipeline and announced plans to visit Rus…
Péter Magyar: Druzhba oil pipeline could resume operations next week
The Druzhba oil pipeline could resume operations as early as next week, according to expectations, Péter Magyar, leader of the election-winning Tisza Party and prime minister-designate, said in Budapest on Friday. He spoke after representatives of parties entering parliament held talks on preparations for the inaugural session of the National Assembly.Continue reading
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