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MOL Group and Transpetrol Completed
the Reconstruction of the Friendship I/Adria Oil Pipeline
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MOL Group and Transpetrol have made an energy
investment of strategic importance in Central Europe |
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The pipeline’s annual capacity was significantly
increased from 3.5 million tons to 6 million tons |
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This investment enables MOL Group to meet the oil
needs of its Bratislava Refinery from the Adriatic |
Feb.09, 2015 + + + MOL
Group and Transpetrol finished the reconstruction and capacity expansion
of the Friendship I/Adria oil pipeline leg between Százhalombatta and
Ipolyság in Slovakia. As a result of this strategic investment, Hungary,
Slovakia and the Czech Republic will now be able to further diversify
their energy supplies thus significantly improving regional energy
security.
In March, 2014, MOL Group and Transpetrol
started to fully renovate and increase the capacity of the Friendship
I/Adria oil pipeline opened in 1962. The investment was badly needed
because the pipeline had become worn out over the years.
In less than one year, the network pipes
comprising 7,000 17 metre-long pieces along a 128 km section, starting
from Sahy, Slovakia to Tököl (119 km in Hungary and 9 km in Slovakia),
were replaced with pipes of larger diameter while sectioning stations were
also renovated. Thanks to these the transportation capacity of the
pipeline was significantly increased to 6 million tons from 3.5 million
tons a year.
The total cost of the investment amounted to
USD 80 million.
Besides the reconstruction of Friendship
I/Adria pipeline, MOL Group also increased the capacity of the Hungarian
section of the Adria oil pipeline, connecting the Adriatic Sea with
Slovakia from the present annual 10 million tons to 14 million tons.
This investment is of
strategic importance since it enables MOL Group to meet the oil needs of
its Bratislava Refinery from the Adriatic. Thus Hungary’s and Slovakia’s
security of supply has significantly improved while the degree of their
currently one-sided dependence decreases. The section with extended
capacity may well contribute to the Czech Republic’s security of supply as
well – through this route, Czech refineries can also receive crude oil
from a new source.
Sándor Fasimon, COO of
MOL Hungary commented: “The reconstruction work was implemented quickly
and successfully in less than a year, showing that MOL Group is strongly
committed to enhancing the regional security of supply. The reconstruction
of the Hungarian and Slovakian sections of Friendship I/Adria was of
regional interest. Not only will both countries as well as MOL Group enjoy
greater energy security but it will also impact the whole Central European
region very favourably.”
Source: Gyöngyi Janky (Mrs), Head of
Media and Communications
VP Dominic Köpfner, Corporate Communications
MOL Group -
www.molgroup.info
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