Hungarians report: Agreement with Serbia on construction of oil pipeline

Serbia and Hungary have agreed on the construction of an oil pipeline that would allow Serbia to be supplied with cheaper oil from the Urals, said the Hungarian authorities, as reported by Radio Free Europe.

The construction of the oil pipeline was arranged after the European Union (EU) introduced the eighth package of sanctions against Russia, restricting Russian crude oil import.

Spokesman for the Hungarian government, Zoltan Kovac, wrote on Twitter that Serbian President Aleksandar Vucic and Hungarian Prime Minister Viktor Orban have agreed on the construction of an oil pipeline, which will enable Serbia to be supplied with cheaper oil from the Urals, by connecting to the Druzhba (Friendship) pipeline.

„Currently, the supply of oil mainly takes place via the pipeline through Croatia, but it is unlikely that this will be possible in the future due to the sanctions that have been adopted,“ Kovac wrote.

The southern branch of the Druzhba pipeline goes through Ukraine to Hungary, via Slovakia and the Czech Republic and it is the main source of crude oil for the three countries.

Mihajlovic: Only a possibility

Minister of Mining and Energy of Serbia, Zorana Mihajlovic, says that the construction of the pipeline to Hungary is a possibility that the ministry has included in its investment plan, but that it is necessary to perform analyses and see if there is economic justification.

„There is no tangible analysis, no decisions have been made, it is just a potential possibility to have different oil supply routes,“ Mihajlovic concluded.

Izvor: RSE

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