Hungary to keep Druzhba as main crude pipeline, foreign minister says
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 31 2024
0mins
Source: Reuters
Hungary's Energy Strategy: Hungary will continue to rely on the Druzhba pipeline for crude oil imports from Russia, despite EU pressures to diversify energy sources. The country has received significant shipments through this pipeline and has been granted exemptions from the EU embargo on Russian oil.
Ongoing Relations with Russia: Hungary maintains close ties with Russia, including energy cooperation, as evidenced by the continued supply of gas via Turkstream and the progress of a nuclear plant project with Rosatom, which has faced delays since its award in 2014.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.








