November 18, 2022 15:09 GMT
Slovnaft Plans Sharp Cut Of Russian Oil Imports In 2023
Slovakian refiner Slovnaft will cut the share of Russian crude oil in its processing activities to 60% from around 95% previously, in 2023, the company said.
- Slovnaft plans to replace its imports from other origins, while keeping the processing capacity at similar levels.
- Slovnaft processes around 124k bpd and most of its oil was supplied by Russia via the Druzhba pipeline.
- "We assume that as long as our market share on the domestic market and in the Czech Republic is maintained, next year we may process approximately 60% of the annual volume with Russian blend and the rest should be alternative, for export purposes", said Slovnaft spokesman Anton Molnar.
- Slovakia, Hungary and the Czech Republic, secured exemptions for essential pipeline imports under the EU oil embargo. The exemptions do not cover most exports of fuels produced from Russian oil, which is problematic for Slovnaft, as it exports its crude oil to Europe.