Szijjarto: Serbia, Hungary to build oil pipeline
Hungary and Serbia intend to sign an agreement in June 2023 on the construction of an oil pipeline designed to facilitate deliveries of Russian oil via the Hungarian leg of the Druzhba oil pipeline to Serbian consumers, Hungarian Foreign Minister Peter Szijjarto said Thursday in Budapest following talks with Serbian Mining and Energy Minister Dubravka Djedovic.
The planned oil pipeline will be laid between Algyo, Hungary, and Novi Sad, Serbia, it will have a length of 128 km and an estimated construction cost of around 100 million euros, said Szijjarto, the Tass news agency reported.
Talks between Hungary’s MOL and Serbia’s Transnafta on this project are under way, and an agreement to that effect may be signed at the Serbian-Hungarian summit scheduled for June, Szijjarto said.
Russian oil supplies delivered via the Druzhba pipeline have not come under European Union sanctions, while an existing gas pipeline corridor running from Serbia to Hungary could potentially also accommodate the oil pipeline and reduce the time needed for the realization of the project.
According to forecasts, construction work on the Hungary-to-Serbia pipeline would last from 18 to 24 months.
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