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MOL stops accepting oil through Druzhba pipeline

April 29/2019

MOSCOW (MRC) -- Hungarian energy group MOL has temporarily suspended accepting crude oil through the Druzhba pipeline, it said adding, however, that the move did not affect its refineries, reported Reuters.

"Thus far the quality of the crude oil coming through the pipeline has been in accordance with the regulations, however we have decided to temporarily suspend the takeover of the crude oil," it said in an email.

Poland, Germany and Slovakia have suspended imports of Russian oil via the Druzhba pipeline, citing poor quality and triggering a rare crisis oversupply from the worlds second-largest crude exporter.

The quality problem arose last week when an unknown Russian producer contaminated oil with high levels of organic chloride, which is used to boost oil output but must be separated before shipment as it can destroy refining equipment.

"Contaminated crude oil cannot enter our refinery, MOL said. The suspension does not impact the operation of MOLs refineries since we can supply them through the Adria Oil Pipeline as well as from our already existing supplies."

MOL added that it was in talks with relevant authorities and international partners to get crude oil transport back to normal as soon as possible.

As MRC informed previously, in April 2019, MOL Group announced that it had signed a sales-purchase agreement to acquire Aurora, a recycled plastic compounder with production plants located nearby automotive manufacturing and plastics conversion clusters in Baden-Wurttemberg, Germany. Aurora is a medium-size German company, headquartered in Neuenstein, with a unique and lean closed loop concept assuming collection of post-industrial plastic waste, regrinding and compounding. The companys portfolio largely consists of engineering plastics and polypropylene recyclate-based compounds.
Author:Margaret Volkova
Tags:crude and gaz condensate, compounding, petrochemistry, MOL Group, TVK, Hungary, Germany, Russia.
Category:General News
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