Ukraine plans to create additional oil product storage capacities outside the country to secure fuel supplies from Russian attacks. For this purpose, Naftogaz has signed a memorandum with the Hungarian oil and gas company MOL. This was announced by the acting head of Naftogaz's management board, Serhiy Fedorenko.
According to him, the project involves the construction of oil product storage capacities on the territory of Hungary, near the Ukrainian border.
It is expected that the new infrastructure will increase the reliability of fuel supply for Ukrainian consumers. Also, according to the official, the project may contribute to the development of cross-border energy infrastructure between Ukraine and Hungary.
The agreement between Naftogaz and MOL was announced during the Carpathian Economic Forum within the framework of the Carpathian Eight summit.
However, details of the future facility – in particular, its capacity, cost, and construction timeline – have not yet been disclosed.
Russia regularly attacks Ukrainian energy and fuel infrastructure. The creation of reserve capacities outside Ukraine is intended to reduce risks for fuel storage and ensure an additional supply route in case Ukrainian facilities are damaged.
Hungary, meanwhile, remains an important energy partner for Ukraine, although political and energy disputes persist between the countries.
