MOL, Transpetrol Upgrade Oil Pipeline Between Hungary, Slovakia
10 February 2015 - 12:29AM
Dow Jones News
BUDAPEST--Central European oil and gas firm MOL Nyrt, and
Slovakian pipeline operator Transpetrol upgraded the Friendship oil
pipeline between Hungary and Slovakia, the companies announced
Monday.
MAIN FACTS:
- The companies spent $80 million on the renovation and the
capacity expansion of the Adriatic oil pipeline, which now has an
annual capacity of 6 million metric tons versus the earlier 3.5
million tons.
- The upgrade enables MOL to meet the oil demand of its refinery
in Bratislava from the Adriatic Sea. This improves Hungary's and
Slovakia's supply security and decreases their dependence, MOL
said.
- The 128-kilometer section with extended capacity may also
contribute to the Czech Republic's supply security as the country's
refineries can receive crude oil from a new source.
Write to Veronika Gulyas at veronika.gulyas@wsj.com; Twitter:
@VeronikaGulyas1
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