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MOL Group Shifts Crude Sources Amid Russian Sanctions

11/7/2025

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Summary

Story summary

MOL Group could source up to 80% of crude from non-Russian suppliers via a Croatia pipeline if Russian deliveries fail.
This shift precedes a meeting between U.S. President Donald Trump and Hungarian Prime Minister Viktor Orbán on sanctions against Russian oil.
A fire at MOL's refinery will cut production by 300,000 tons monthly until repairs, while the EU plans to phase out Russian energy by 2027 and MOL modernizes refineries.

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Story summary

MOL Group could source up to 80% of crude from non-Russian suppliers via a Croatia pipeline if Russian deliveries fail.
This shift precedes a meeting between U.S. President Donald Trump and Hungarian Prime Minister Viktor Orbán on sanctions against Russian oil.
A fire at MOL's refinery will cut production by 300,000 tons monthly until repairs, while the EU plans to phase out Russian energy by 2027 and MOL modernizes refineries.