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Hungary Says Druzhba Oil Flows Could Resume Next Week

MOL's chief will visit Russia to finalize oil talks.

Overview

  • Incoming prime minister Péter Magyar said Russian crude to Hungary through the Druzhba pipeline may restart next week.
  • Magyar said MOL CEO Zsolt Hernádi told him deliveries would resume and will travel to Russia to discuss supply terms.
  • The pipeline has been shut since January after a drone strike damaged infrastructure that carries Russian oil through Ukraine.
  • Magyar said Viktor Orbán would lift his procedural veto once oil deliveries restart.
  • Hungary has relied on alternative supplies through Croatia’s Adriatic pipeline and agreed to buy U.S. oil as a backup.