This is the response of the MOL leader when asked to comment on the European Commission's plan to force all EU countries to stop importing energy from Russia by the end of 2027.
He noted that Hungary still receives Russian oil and gas via the southern branch of the Druzhba pipeline and that the country "no pipeline is effectively connected to any European pipeline network".
In addition, MOL's plants in Szazhalombatta and Bratislava are technologically adjusted to mainly process Russian oils.
"Stopping Russian oil imports will increase the country's spending by about 500-600 million USD per year," said Mr. Zsolt Hernadi.
He warned that this would certainly reduce the capacity of the refinery and significantly reduce the profits of the refinery.
If we start reducing the capacity of the refinery by 10% or 20%, it will immediately lead to losses, the companys head noted.
There is currently no guarantee that factories in Hungary and Slovakia could operate at full capacity" without Russian oil, he said.
