Third Vecsés Oil Well Boosts MOL’s Domestic Production Drilling rig in the Vecsés oil field. The Vecsés oil field (near Budapest) has delivered on its promises and has... 2024.11.06.
Tenth Well Drilled in Eastern Hungary Gas Fields MVM Group is drilling its tenth well in the gas fields of Eastern Hungary, the Ministry of Energy said on... 2024.09.12.
Agreements Reached on Oil Transport from Russia MOL has agreed on the supply of crude oil from Russia, the company announced on the website of the Budapest... 2024.09.10.
EU Spokesman: Ukraine’s Oil Block “Not a Problem” There is no issue for either Hungary or Slovakia regarding Ukraine's imposition of oil supply restrictions on the Russian company... 2024.07.26.
New Oil Well Starts Production near Budapest After another successful drilling, a new oil well has recently started production in the Vecsés oil field (near Budapest), in... 2024.06.07.
MOL Discovers a New Oil Deposit in Central Hungary Crude oil has been found near Tura (central Hungary), providing around 1,000 barrels per day. For the Hungarian oil company... 2024.05.01.
Price of Petrol to Break This Year’s Record on Friday New fuel prices have been announced by Hungarian wholesalers for the last working day of the week, writes Világgazdaság. The... 2024.03.07.
Bad News for Motorists: Further Price Increase at the Pumps There is almost no week that does not see fuel prices going up at Hungarian petrol stations. The price of... 2024.03.05.
Security of the Druzhba Pipeline in the Interest of All Parties An analysis of the economic importance of the Friendship (Druzhba) oil pipeline has been carried out by the Oeconomus Foundation.... 2023.05.19.
EU’s Room for Maneuver Narrows with New Oil Sanctions Sanctions are increasing the chances of serious supply problems in the European Union, Olivér Hortay, head of energy and climate... 2023.01.30.
Russia’s Oil Export Ban Does Not Directly Affect Hungary’s Oil Supply Vladimir Putin reacted to the EU oil cap: the Russian president announced an oil export ban. Olivér Hortay, head of... 2022.12.28.
Ukraine Demands More Money for Transit Supplying Oil to Hungary Oil pumping through the Ukrainian section of the Friendship pipeline was stopped and shortly after resumed on Wednesday. This week,... 2022.11.24.
Kuwait on the Danube? Oil Deposits Found near Budapest Hungarian oil company Mol has discovered a significant amount of oil at a depth of 2100 meters near Vecsés, next... 2022.11.22.
Oil Deliveries Resume through Friendship Pipeline Both the foreign minister and the prime minister's office have confirmed that crude oil deliveries have restarted through the Friendship... 2022.11.17.
Hungary Supports New EU Sanctions The eighth package of EU sanctions against Russia received Hungary's support after the country managed to get the necessary exemptions... 2022.10.05.
Hungary Decreases Dependence on Russian Oil While a French media outlet accused Hungary of increasing its dependence on Russian energy, Eurostat data shows the opposite. "European... 2022.08.30.
First Shipment of LNG Arrives in Hungary The first shipment of liquefied natural gas (LNG) has arrived from the Croatian import terminal to Hungary, thus adding a... 2022.08.11.
No Oil Arriving in Hungary via Friendship Oil Pipeline Crude oil has stopped arriving in Hungary via the Friendship II pipeline (Druzhba pipeline) since August 4th, after Russian company... 2022.08.09.
What Brussels’ New Plan to End Russian Energy Dependence Means for Hungary The European Commission has put forward a nearly 300-billion-euro plan that would eliminate the European Union’s reliance on Russian energy... 2022.05.19.
EU Considers Scrapping Oil Embargo Over Hungary’s Veto The Hungarian government has made it clear that it will veto EU sanctions on Russian oil imports, and its rejection... 2022.05.13.
Politico: EU Leaders Consider Paying Hungarian Gov’t to Support Oil Sanctions Officials of the European Union may offer Hungary financial compensation in return for supporting the EU's sixth sanctions package, named... 2022.05.12.
