Lukoil is increasing its oil exports by sea due to the ceasing of transit through Ukrainian territory, and Hungary accuses Ukraine of blackmail.

Monday, July 29, 2024
Lukoil is increasing its oil exports by sea due to the ceasing of transit through Ukrainian territory, and Hungary accuses Ukraine of blackmail.

The largest Russian private oil company, Lukoil, has increased oil exports through the country’s seaports, as supplies through the Druzhba pipeline to Slovakia and Hungary are currently suspended due to Ukrainian sanctions against Lukoil. As a result, Lukoil added another 340,000 tons of Urals oil to its July shipment plan through seaports.

At the same time, Rosneft and Gazpromneft added 200,000 tons and 100,000 tons to their July plans. Russian crude shipments from western ports in July were revised up by about 0.23 million barrels per day, compared with an initial estimate of about 1.79 million barrels per day, according to Reuters estimates.

Also, the Hungarian government has accused Ukraine of blackmailing Hungary and Slovakia by blocking the supply of Russian oil and state that if the situation does not change, a fuel shortage is possible.

 

Support independent journalism team

Dear Ukraine Business News reader, we are a team of 20 Ukrainian journalists, researchers, reporters and editors who would humbly ask for your support.

Previous post
Elixir Ukraine wants to turn the privatized Ust-Dunube port into a fertilizer supply hub.

Elixir Ukraine wants to turn the privatized Ust-Dunube port into a fertilizer supply hub.

Next post
A Cypriot company buys more than 50% of a Ukrainian insurance company, and an Irish company, CRH, is finalizing the purchase of two cement factories in Ukraine for €100M.

A Cypriot company buys more than 50% of a Ukrainian insurance company, and an Irish company, CRH, is finalizing the purchase of two cement factories in Ukraine for €100M.

Previous Main Topics