Chemical Industry News, Data & Insights

MOL Requests Release of Strategic Oil Reserves to Ensure Supply

Key highlights
  • No oil delivered via Druzhba pipeline since 27 January 2026.
  • MOL supplies refineries with seaborne crude, first shipments to arrive in early March.
  • Hungary may release 250,000 tons of strategic reserves if eastern shipments don't resume.
  • EU regulations ensure 90-day crude oil reserves in Hungary and Slovakia.

Supply Disruption

No crude oil has been delivered to Hungary and Slovakia via the Druzhba pipeline since 27 January 2026. This disruption has prompted MOL to seek alternative supply routes to maintain regional security of supply.

Alternative Supply Route

MOL has initiated the supply of its refineries with seaborne crude oil. Due to longer transit times, this supply route is being established gradually, with the first shipments expected to arrive at the port of Omišalj in Croatia in early March. It will take an additional 5-12 days for the crude oil to reach MOL's refineries.

Strategic Reserves

If shipments from the east do not resume soon, Hungary may need to release approximately 250,000 tons of strategic crude oil reserves. MOL has approached the Hungarian Ministry of Energy to initiate this release. In Slovakia, MOL is maintaining close contact with the government to ensure a quick response to the situation.

Regulatory Compliance

Both Hungary and Slovakia have sufficient crude oil reserves for approximately 90 days, in accordance with European Union regulations. This ensures that the current situation does not threaten fuel supplies, and the market continues to be served without disruption.

Ongoing Monitoring

MOL is continuously monitoring developments and will provide updates on any significant changes. The company continues to operate within the framework of normal business, ensuring that the supply chain remains stable.