One of the Hungarian oil and gas companies intends to receive Azerbaijani oil instead of Russian for its processing at its refinery
The Hungarian oil company MOL announced its intention to use Azerbaijani oil instead of Russian oil for its processing at its refinery in order to further use it for the production of various types of fuel. According to the press service of the company, this is due to the embargo on Russian oil products by the EU that came into force last month.
According to information provided by MOL, the first batch of Azeri Light black gold will arrive at the plant from the Azeri-Chirag-Guneshli fields on the Caspian shelf. The largest oil and gas company in Hungary is involved in their development.
First, oil was sent from the offshore field to the Sangachal terminal located near Baku, and from there it was pumped to the Turkish port on the Mediterranean Sea via the Baku-Tbilisi-Ceyhan pipeline.
Here is what follows from the MOL message:
Also, MOL added that in the context of the current EU sanctions against oil products from the Russian Federation, there was a need to find more suppliers of "black gold".
Nevertheless, MOL stated that they would not refuse to import Russian oil through the Druzhba pipeline, emphasizing that the security of the supply of this fuel in the countries of Central and Eastern Europe lies in providing alternative routes while maintaining traditional supply channels.
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