Hungary’s largest oil group attacks western ‘hypocrisy’ over Russian energy

Quick Summary:

Bacsa said the company talked to Ukraine and Russia to ensure the flow of oil that remains vital to the region.

It would also have to import crude from other producers via a southern pipeline, and build separate refining infrastructure which would cost about $500mn, Bacsa said.

One of the barriers to importing crude from other exporters is that Mol’s refineries were built to handle Russia’s Ural blend, and it would take at least two more years to revamp the facilities to refine other crudes grades from different producers.

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Article Details

Author / Journalist: Marton Dunai

Category: MarketsFinanceInvesting

Markets: United StatesCroatiaFinlandHungaryIndiaSpainTurkeyUkraine

Topics: Bacsa Company Financial Crude Mol’s Pipeline Hungarian Ukraine Russian Countries Energy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-27 @ 05:00:41 (1 days ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 698 words

Reading Time: 4 minutes read

Sentences: 27 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 23259109

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