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.
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 Szabo, 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.
