The ambassadors of the member states are meeting today to finalize the sixth sanctions package, but there are still questions to be clarified regarding the oil embargo. The most important of these is how to ensure that the oil companies of member states that are temporarily exempted from the embargo, such as Hungary, do not find themselves in a more advantageous situation, writes the EU Monitor.
eumonitor.hu drew attention to .
This was mainly demanded by Poland. However, according to some concerns, due to Mol's role in the region, this could cause a shortage of diesel in the region, for example, the Czech Republic specifically indicated that it cannot solve its own diesel supply, so according to the agreement, it will be able to import fuel to some extent. Ursula von der Leyen said that in order to replace Russian crude oil in Hungary, the capacity of the Adriatic crude oil pipeline coming from Croatia must be increased. Péter Szijjártó announced yesterday, shortly after the announcement of the oil embargo, that he had reached an agreement with the Croatian Minister of Energy. The Croatians are ready to expand the capacity of the Adriatic pipeline and are ready to provide adequate transport capacities for Hungary in the long term. Viktor Orbán previously estimated the time required for this at 45-60 days, adding that this would require investments, which Péter Szijjártó previously estimated at 200 million euros. Von der Leyen also talked about the transformation of the oil refineries, but he did not mention specific amounts from which source and how much money Hungary will receive for this work. EU Monitor understands that the commission would have Moll pay for most of the investments, citing the company's exceptionally high profits last year.
As an example, the private owners of the TAL oil pipeline connecting Trieste with Karlsruhe financed the infrastructural developments on their own. The newspaper reminds that a few days ago, the Commission proposed to finance the green and infrastructure investments necessary to reduce Russia's energy dependence from RepowerEU, with a total of 20 billion euros. According to estimates, 346 million euros will be allocated to Hungary, which is approximately half of the costs required for oil industry infrastructure investments.
Mol's refinery in Szazhalombatta currently uses 64 percent Russian oil, and the one in Bratislava uses 95 percent Russian oil. According to Mol's point of view, 2-4 years and an investment of 500-700 million dollars are needed to be able to ensure the level of production necessary to supply the region.
2022plus commentary : they make us look stupid again. We are Hungarians.
Source: Pesti Srácok/MTI
Image: Demokrata.hu
