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OIL: Hungary’s MOL Sees Delay in Ability to Process Non-Russian Crude

OIL
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Hungary’s MOL expect a delay in the ability of its refineries to process both Russian and non-Russian crude from early 2026 to the end of 2026, according to Reuters citing a senior MOL executive said.

  • Refineries are investing in technology needed to diversify away from Urals, but progress has been slower than expected. Delays were due to unforeseen complexities in 24 planned upgrade projects and requirement for more logistical investments in storage and blending capacities.
  • MOL can refine up to 30%-40% non-Russian crude at its refineries, MOL’s Viktor Sverla said, but could increase the share of non-Russian crude at its Slovak refinery to 50% if needed.
  • The two refineries in Slovakia and Hungary are currently supplied with Russian crude via the Druzhba pipeline.
  • MOL was in long-term contract talks with Croatia's oil pipeline operator Janaf for crude via the Adriatic pipeline, Sverla said.
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Hungary’s MOL expect a delay in the ability of its refineries to process both Russian and non-Russian crude from early 2026 to the end of 2026, according to Reuters citing a senior MOL executive said.

  • Refineries are investing in technology needed to diversify away from Urals, but progress has been slower than expected. Delays were due to unforeseen complexities in 24 planned upgrade projects and requirement for more logistical investments in storage and blending capacities.
  • MOL can refine up to 30%-40% non-Russian crude at its refineries, MOL’s Viktor Sverla said, but could increase the share of non-Russian crude at its Slovak refinery to 50% if needed.
  • The two refineries in Slovakia and Hungary are currently supplied with Russian crude via the Druzhba pipeline.
  • MOL was in long-term contract talks with Croatia's oil pipeline operator Janaf for crude via the Adriatic pipeline, Sverla said.