• Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
Stock

Despite drone strike, Druzhba pipeline restores oil deliveries to Slovakia, Hungary

by August 20, 2025
by August 20, 2025

Oil shipments to Hungary and Slovakia via the Druzhba pipeline have resumed, officials from both nations confirmed late on Tuesday. 

The disruption in supply was attributed to a Ukrainian drone strike that targeted an oil pumping station located in Russia’s Tambov region. 

This incident had temporarily halted the flow of oil, raising concerns about energy security in the affected European countries. 

The swift restoration of supplies underscores the critical importance of the Druzhba pipeline as a key energy artery for Central Europe, highlighting the vulnerabilities of such infrastructure to geopolitical events.

Ukraine steps up attacks

In recent months, Ukraine has intensified its targeting of Russia’s energy infrastructure. 

This strategic escalation is directly aimed at disrupting a critical financial lifeline for the Kremlin’s ongoing war efforts. 

Oil and gas sales play a pivotal role in funding Russia’s state budget, historically contributing approximately a quarter of its total proceeds. 

By striking these facilities, Ukraine seeks to diminish Russia’s financial capacity to sustain its military operations, thereby impacting its ability to procure arms, pay troops, and maintain its war machine. 

These attacks often target refineries, storage depots, and transportation networks, creating economic pressure and complicating Russia’s ability to export its valuable energy resources to international markets.

Still reliant on Russia

Slovakia and its neighbor Hungary stand out among European Union countries for their continued reliance on Russian energy, particularly crude oil. 

The majority of their crude oil supply is transported via the Druzhba pipeline, a critical artery for Russian energy exports to Central and Eastern Europe. 

This enduring dependence contrasts sharply with the efforts of many other EU members to diversify their energy sources and reduce their reliance on Russia, especially in light of recent geopolitical developments. 

The Druzhba pipeline, meaning “Friendship” in Russian, has historically been a significant and cost-effective conduit for crude oil to these landlocked nations, contributing to their energy security frameworks for decades. 

However, this reliance also presents a unique set of challenges and vulnerabilities for both Slovakia and Hungary as the broader EU bloc seeks greater energy independence and resilience.

“The flow of oil to Slovakia is currently standard,” Slovak Economy Minister Denisa Sakova said in a statement.

In the coming days, we will have clearer information about whether there will be any adjustments to the supply schedule for this month…However, I believe that given the rapid resumption of flow through the Druzhba pipeline, the impact will be minimal.

Confirmation

Resumption of oil flow through the Druzhba pipeline to Hungary has been confirmed by Hungarian Foreign Minister Peter Szijjarto.

Szijjarto wrote in a Facebook post:

I have just thanked Russian Deputy Energy Minister Pavel Sorokin for the swift rectification of the damages caused by the attack.

MOL, the Hungarian oil company, was quoted in a Reuters report, stating that its fuel production remained undisrupted despite a temporary shutdown.

In March, a Ukrainian attack on a metering station caused a brief suspension of oil flow through the Soviet-built Druzhba pipeline.

The post Despite drone strike, Druzhba pipeline restores oil deliveries to Slovakia, Hungary appeared first on Invezz

0 comment
0
FacebookTwitterPinterestEmail

previous post
US FDA greenlights first glucose monitoring system for weight loss
next post
Analysis: Oil prices unlikely to plummet as backwardation to continue

Related Posts

Analysis: Oil prices unlikely to plummet as backwardation...

August 20, 2025

US FDA greenlights first glucose monitoring system for...

August 20, 2025

Pop Mart hits record high on Labubu-driven earnings;...

August 20, 2025

Europe markets open: Stoxx 600 falls 0.3% on...

August 20, 2025

Is it safe to buy the IWG share...

August 20, 2025

Tesco share price to benefit as UK inflation...

August 20, 2025

Why South Korea’s petrochemical industry faces major restructuring

August 20, 2025

Asian markets open: Sensex bucks trend with a...

August 19, 2025

India scraps textile machinery import duty to combat...

August 19, 2025

Here’s why IAG share price may fly to...

August 19, 2025

Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.

By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

Recent Posts

  • The Forgotten Soap Opera That Took on the New Deal

    August 20, 2025
  • Econ 101: A Compass for a Lost Country

    August 20, 2025
  • Analysis: Oil prices unlikely to plummet as backwardation to continue

    August 20, 2025
  • Despite drone strike, Druzhba pipeline restores oil deliveries to Slovakia, Hungary

    August 20, 2025
  • US FDA greenlights first glucose monitoring system for weight loss

    August 20, 2025
  • Pop Mart hits record high on Labubu-driven earnings; analysts see upside, risks loom

    August 20, 2025

Editors’ Picks

  • 1

    Meta executives eligible for 200% salary bonus under new pay structure

    February 21, 2025
  • 2

    Walmart earnings preview: What to expect before Thursday’s opening bell

    February 20, 2025
  • 3

    New FBI leader Kash Patel tapped to run ATF as acting director

    February 23, 2025
  • 4

    Anthropic’s newly released Claude 3.7 Sonnet can ‘think’ as long as the user wants before giving an answer

    February 25, 2025
  • 5

    Nvidia’s investment in SoundHound wasn’t all that significant after all

    March 1, 2025
  • 6

    Cramer reveals a sub-sector of technology that can withstand Trump tariffs

    March 1, 2025
  • 7

    Elon Musk says federal employees must fill out productivity reports or resign

    February 23, 2025

Categories

  • Economy (2,254)
  • Editor's Pick (214)
  • Investing (185)
  • Stock (1,524)
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Read alsox

US and Mexico close to agreement on...

June 11, 2025

How Octopus Energy is betting on AI...

May 24, 2025

Brazil’s Azzas reports 35.8% drop in Q4...

March 13, 2025