Economic Calendar

Tuesday, October 14, 2008

Hungarian Section of Druzhba Pipeline Ruptures, Spilling Oil

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By Balazs Penz

Oct. 14 (Bloomberg) -- Hungary's section of the Druzhba oil pipeline ruptured near Budapest, spilling ``several hundreds of thousands of liters'' of crude, refiner Mol Nyrt. said.

The break won't affect supply or refining because the affected pipeline section connects Hungary with Slovakia rather than with producers in Russia, according to Dora Somlyai, a spokeswoman at the Budapest-based company.

A contractor unaffiliated with Mol was carrying out earthmoving work on a privately owned plot around the pipeline when a machine caused the rupture, Somlyai said today by telephone. Reconstruction will take a ``few hours,'' she said. ``This doesn't cause any kind of holdup in supply.''

To contact the reporter on this story: Balazs Penz in Budapest at bpenz@bloomberg.net


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