Russia restarts providing oil to EU| MENAFN.COM

Sunday, 02 October 2022 01:01 GMT

Russia restarts providing oil to EU


(MENAFN) Following a payment dispute, the southern branch of the Druzhba pipeline will begin pumping oil again at 16:00 Moscow time (13:00 GMT), according to Russian pipeline operator Transneft on Wednesday.

Transneft stated on Monday that due to Western sanctions preventing Moscow from processing payments, Ukraine had stopped sending crude to some areas of central Europe.

The largest crude refiner in Hungary, MOL, announced on Tuesday that supplies of Russian crude via the southern branch of the pipeline had ceased and offered to cover the cost of transit on Moscow's behalf.

On Wednesday, MOL announced that it had transferred the transit fee for using the pipeline's Ukrainian section. Both Hungary and Slovakia paid for transit, according to RIA Novosti, and Kiev has confirmed that it received the money.

One of the world's longest pipeline systems, Druzhba, transports crude 4,000 kilometers from eastern European Russia to refineries in the Czech Republic, Germany, Hungary, Poland, and Slovakia.

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