Oil supply via Druzhba pipeline to resume after MOL paid Russia’s transit fees – Region, 11 August 2022

Hungarian oil and gas company MOL announced that it has paid the transit fees owed by Russia to Ukraine, in order to resolve a dispute that led to the interruption of oil deliveries through the southern branch of the Druzhba pipeline.

The press release from the company said that MOL has conducted negotiations with the Russian and Ukrainian parties regarding the resumption of oil transport through the Druzhba pipeline and after both Ukraine and Russia accepted its decision to intervene, it has transferred the amounts due for the use of the Ukrainian section. MOL said that the Ukrainian side promised to resume oil transport within a few days.

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Earlier this week, Ukraine suspended deliveries of Russian crude oil to three European countries (Hungary, the Czech Republic and Slovakia) through the southern branch of the Druzhba pipeline, after the Russian pipeline operator Transneft could not pay the transit rights for the month of August owed to the Ukrainian operator UkrTransNafta.

The existing contract between Transneft and UkrTransNafta provides for the advance payment of all transit tariffs for Russian oil passing through the Ukrainian section of the Druzhba pipeline. Transneft explained that it paid transit rights for the month of August to Ukrainian operator, but the money was returned because the payment was not processed. The Russian bank Gazprombank, which brokered the transaction, explained that the money was returned due to restrictions imposed by the European Union.

Russia normally supplies about 250,000 barrels a day via a southern branch of the Druzhba pipeline that runs through Ukraine and serves three landlocked European states, Hungary, Slovakia and the Czech Republic.

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