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Hungary to release oil from reserves after pipeline contamination issue

May 08/2019

MOSCOW (MRC) -- Hungarys government will release 400,000 tonnes of crude oil from its emergency reserves to make up for lost imports via a Russian pipeline, reported Reuters with reference to state secretary Peter Kaderjak.

The oil, which will supply a refinery owned by energy firm MOL, is equivalent of about 60 percent of Hungarys crude reserves, he told reporters, adding it was not clear when chloride in oil in the Druzhba pipeline would return to levels they were before a problem of tainted crude arose last week.

The move will supply MOL with enough crude to run its Szazhalombatta refinery for up to two months, Kaderjak said, adding that the government would replenish its reserves by the end of 2019.

As MRC wrote previously, in late April 2019, Hungarian energy group MOL temporarily suspended accepting crude oil through the Druzhba pipeline, it said adding, however, that the move did not affect its refineries.
Author:Margaret Volkova
Tags:crude and gaz condensate, MOL Group, TVK, Hungary, Russia.
Category:General News
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