Slovakia no longer dependent on russian oil

Prime ministers Robert Fico of Slovakia and Viktor Orbán of Hungary opened valves Monday morning, symbolically reopening renovated crude oil pipeline connecting both countries. Even thought Slovakia still counts on oil imports from Russia, it is a final step in reaching Slovak independence on Russian oil.

Renovation doubled pipeline’s transport capacity to 6 million tons of crude oil per year and cost 70 million Euros.

Only oil processor in Slovakia is Slovnaft, a subsidiary of Hungarian MOL Group. It refines 5.5 – 6 million tons of crude oil per annum and produces a broad range of petrochemical products.