Hungarian state oil company MOL is nearing the conclusion of negotiations to establish a new arrangement for securing Russian crude oil after Ukraine banned its main partner, Lukoil, from using Ukrainian pipelines. The revised scheme will be costlier for MOL , as the company will purchase Russian oil at the Russian-Ukrainian border and assume the financial risk of transporting it through Ukraine, according to the Hungarian Prime Minister's chief of staff. Earlier, Budapest warned of potential

Tag-uri: MOL