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Lukoil

FM Szijjártó: ‘Without Russian oil we will simply not survive’

‘If Hungary does not receive more oil from Russia, we will simply not survive; we will not be able to supply the country,’ Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó emphasized in an interview with the Russian TV…

Ukraine to Shut Down Druzhba Oil Pipeline in January?

According to Ukrainian presidential advisor Mykhailo Podolyak, Kyiv plans to shut down the Druzhba oil pipeline starting from 1 January 2025. This pipeline is a key route through which Russian oil reaches Europe, including Hungary, Slovakia, and the Czech Republic….

Ukraine Refuses to Renew Gazprom Contract, Raising New Concerns Over Hungarian Energy Security

Ukraine’s decision not to renew its contract with Gazprom has raised concerns in many about how Russian gas will reach Europe in the future. Kremlin spokesman Dmitry Peskov indicated that Russia could still meet European customers’ needs through the Turkish…

Hungary’s Energy Supply Secure Despite Ukrainian Oil Transit Disruption

Recent statements by Hungarian government officials suggest that the threat to Hungary’s energy supply is being addressed. In July, Kyiv decided to cut off supplies from Russia’s Lukoil to Hungary. Since then, intensive negotiations have commenced, and Hungarian oil giant…

Brussels Takes Ukraine’s Side Against Hungary and Slovakia in Oil Transit Dispute

The European Commission will not convene a consultative forum on the dispute between Ukraine and EU members states Hungary and Slovakia over the transit of Russian oil through Ukraine. Brussels’ reasoning is that there is no immediate threat to the…

Slovakia Vows to Halt Diesel Supplies to Ukraine Unless Kyiv Resumes Oil Transit

After Kyiv failed to restore the uninterrupted transit of Russian Lukoil’s oil shipments to Hungary and Slovakia via Ukraine, Slovak Prime Minister Robert Fico announced that Bratislava might stop diesel supplies to Ukraine. Slovak deliveries account for a tenth of…

Hungary Does Not Want to Blackmail Ukraine over Oil Transit Dispute

Minister of Prime Minister’s Office Gergely Gulyás stated on Friday that Hungary does not want to blackmail Ukraine over the halted transit of Russian Lukoil oil shipments via Ukraine to Hungary and Slovakia. However, Gulyás pointed out that if no…

Bulgaria Offers Help for Hungary Amid Ukraine Oil Transit Dispute

Bulgaria has offered to help maintain Hungary’s energy security if Ukraine does not resume Russian Lukoil oil shipments to Hungary in the near future. Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó called Sofia’s offer a sincere gesture of…

Hungary Blocks European Peace Facility Payments Until Ukraine Resumes Oil Transit

The Hungarian government has taken a decisive step following Kyiv’s decision to halt Lukoil’s oil shipments to Hungary and Slovakia via Ukraine. According to Hungarian Minister for Foreign Affairs and Trade Péter Szijjártó, Budapest will block payments from the European…

Hungary and Slovakia Unite Against Ukraine in Response to Halted Russian Oil Shipments

Hungary and Slovakia are taking joint action against Ukraine over its halting of Russian oil shipments to the two EU member states. This move seriously threatens the long-term energy security of both countries, and is considered a violation of the…

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