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Region: Hungary’s MOL to boost oil supplies to Serbia amid U.S. sanctions

Hungarian Foreign Minister Peter Szijjarto announced that MOL will increase crude oil and fuel supplies to Serbia following U.S. sanctions on the Serbian oil sector. He emphasized that MOL’s key role in Serbia’s supply chain ensures additional deliveries, though he cautioned that these measures cannot fully offset the shortfall caused by disruptions via Croatia, highlighting the risks of relying on a single pipeline.

Serbian President Aleksandar Vucic confirmed that NIS’ Pancevo refinery has sufficient crude to operate through the end of the month, and fuel supply is expected to remain stable at least until year-end.

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