Ukraine Restarts Oil Flow Through Druzhba Pipeline

Ukraine is preparing to restart oil pumping operations through the Druzhba pipeline, a crucial step in securing a 90 billion euro loan from the European Union. The resumption is expected to take place on Wednesday afternoon, as confirmed by an industry source to Reuters.

The Hungarian oil company MOL leads the way in this effort, having submitted the first transit application necessary for this process. The early requests made by MOL indicate an initial distribution of the oil volumes between Hungary and Slovakia, with both countries receiving equal shares.

This development marks a significant move for Kyiv as it strives to bolster its economy and stabilize regional energy supplies by ensuring a smooth flow of oil to its European partners.