https://sputnikglobe.com/20240825/quite-realistic-scheme-hungary-found-way-to-resume-russian-pipeline-oil-deliveries-1119900663.html
‘Fairly Practical Scheme’: Hungary Discovered Technique to Resume Russian Pipeline Oil Deliveries
‘Fairly Practical Scheme’: Hungary Discovered Technique to Resume Russian Pipeline Oil Deliveries
Sputnik Worldwide
Hungary seems to have discovered a easy method to once more obtain Russian oil by way of the Druzhba pipeline, the normal route operating by way of Ukraine.
2024-08-25T06:34+0000
2024-08-25T06:34+0000
2024-08-25T06:34+0000
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Hungary has provide you with a brand new resolution for the resumption of oil deliveries by way of the Druzhba pipeline after the Kiev regime imposed sanctions blocking the transit of deliveries from Russia’s Lukoil to Central Europe in June.The Druzhba oil pipeline runs from Russia to Belarus after which splits into two branches: the northern one goes to Poland and Germany, and the southern one runs by way of Ukraine to the Czech Republic, Slovakia, Hungary and Croatia.Below the contract, Lukoil should ship oil to the territory of Hungary. If the purpose of acceptance is moved to the Russia-Belarus border or the Belarus-Ukraine border, then the oil that goes by way of the territory of Ukraine would de facto be the property of Hungary’s MOL, not Lukoil.He believes that this initiative is sort of real looking. He doesn’t rule out that this will likely even result in a full-capacity operation of the oil pipeline.Demidov prompt that within the wake of the switch of possession to the Hungarian vitality firm, the oil operating by way of the Druzhba pipeline could also be provided not solely to Hungary, Slovakia, and the Czech Republic, but in addition to different international locations presumably, the place it was delivered previous to Western sanctions.”That is useful for Russia, as a result of the West will be unable accountable Russia for any delays in deliveries as a result of Russia will have the ability to ship oil throughout its territory with out issues,” the pundit identified.He doesn’t suppose that this initiative can have any impression on the European oil market.
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hungary, russia’s lukoil, russian pipeline druzhba, oil pipeline druzhba, ukraine imposed sanctions on lukoil, oil transit to hungary stopped, hungary discovered method to resume oil deliveries from russia, eu sanctions towards russia
hungary, russia’s lukoil, russian pipeline druzhba, oil pipeline druzhba, ukraine imposed sanctions on lukoil, oil transit to hungary stopped, hungary discovered method to resume oil deliveries from russia, eu sanctions towards russia
Hungary seems to have discovered a easy method to once more obtain Russian oil by way of the Druzhba pipeline, the normal route operating by way of Ukraine.
“What the European firm, specifically the Hungarian MOL, is proposing, is the switch of possession on the Russia-Ukraine border. This might result in Russia not paying for the transit of oil by way of Ukrainian territory,” Vladimir Demidov, an unbiased professional on oil and fuel markets, instructed Sputnik.
Below the contract, Lukoil should ship oil to the territory of Hungary. If the purpose of acceptance is moved to the Russia-Belarus border or the Belarus-Ukraine border, then the oil that goes by way of the territory of Ukraine would de facto be the property of Hungary’s MOL, not Lukoil.
“Thus, this will likely result in Russia not paying for the transit of oil by way of Ukrainian territory. Additionally, Russia won’t tackle the dangers of transporting oil by way of Ukrainian territory,” Demidov defined.
He believes that this initiative is sort of real looking. He doesn’t rule out that this will likely even result in a full-capacity operation of the oil pipeline.
“That is useful for Russia, as a result of the West will be unable accountable Russia for any delays in deliveries as a result of Russia will have the ability to ship oil throughout its territory with out issues,” the pundit identified.
He doesn’t suppose that this initiative can have any impression on the European oil market.
“Most probably, this initiative can have a reasonably large impression in the marketplace of a number of Japanese European international locations, resembling Hungary, Slovakia, and the Czech Republic. Most probably, this market shall be extra steady as a result of the provides shall be supplied by a European firm, and most certainly, costs won’t rise throughout the season because it often occurs on the oil market,” Demidov concluded.
