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HUNGARY: Mol Expected to Sign New Crude Supply Deal

HUNGARY
  • Hungarian refiner Mol is expected to sign a new crude supply deal after a halt in the flow from Lukoil via Ukraine, Bloomberg report Cabinet Minister Gergely Gulyas as saying at a government briefing this morning. 
  • He added that the costs of transport will probably rise and Mol will have to carry the risk from the Russian-Ukrainian border under proposed solution and Bloomberg have since reported that costs will rise $1.5/bbl on the new deal.
  • Note that Foreign Minister Szijjarto said yesterday that Hungary is making progress in talks to guarantee its long-term crude supplies after the blocking of Lukoil shipments via Ukraine.
CEEMEAEM BulletBulletGlobalEmerging Market NewsHungaryRegion
CEEMEAEM BulletBulletGlobalEmerging Market NewsHungaryRegion

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