“Eight months after the sanctions took effect, we are unable to guarantee a market supply in the Central European region. The current wording of the sanctions will not allow us to export key products to our traditional markets, such as the Czechia, Austria and Poland, ”said refinery spokesman Anton Molnár.
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According to Slovnaft, the refinery will not be able to export Russian oil products after the eight-month transition period.
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The company, which processes around 5.5 million tons of oil a year, exports two thirds of its production. 27 percent of diesel and 23 percent of gasoline go to the Czech Republic out of Slovnaft’s total production.
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According to Slovnaft, which belongs to the Hungarian MOL Group, the aforementioned impact of sanctions on exports will subsequently reduce the processing capacity of the Bratislava refinery below the technological minimum. “As a result, security of supply to Slovakia will not be guaranteed,” said Molnár.
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According to Slovnaft, the draft sanctions do not give this refinery the originally required three-year exemption in connection with the implementation of technological modifications and securing the supply of other types of oil.
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Under the embargo, the EU should stop importing 90 percent of Russian oil by the end of the year, with the southern branch of Druzhba supplying the Czechia, Slovakia and Hungary with an unspecified exception. In addition, Prague has an 18-month exemption for imports of products from Russian oil refineries.
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