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Russian Oil Pipeline Shutdown in Ukraine Could Impact Hungary’s MOL

Newsroom by Newsroom
September 8, 2024
in Tech
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A potential shutdown of Russian oil supplies via the Friendship pipeline could significantly impact Hungarian oil giant MOL, according to Erste Bank.

Tamás Pletser, an oil and gas analyst, believes that cutting off Russian oil would reduce MOL’s annual adjusted earnings (EBITDA) from over USD 3 billion to between USD 2 billion to 2.4 billion. 

This could be attributed to the cheaper cost of Russian oil and the potential increase in transportation costs if oil is sourced via the Adriatic Sea instead of the Friendship pipeline.

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