Hungary’s Mol Eyes Ukraine Port Access to Phase Out Russian Oil

Mol Nyrt., the Hungarian oil company that’s faced criticism for maintaining strong reliance on Russian energy, sees a pipeline from the Ukrainian port of Odesa as its best bet at diversification.

The company wants to gain access to the Odesa-Brody crude pipeline that runs from Ukraine’s Black Sea port to near the nation’s border with Poland — allowing it to get seaborne supplies from a number of global producers, said Szabolcs Pal Szabo, Mol’s senior vice president for value chain management.