Two refineries are on fire in Eastern Europe: Hungary and Romania

Fire at the Hungarian MOL refinery

On Monday evening at the oil refinery MOL in Sazhalombatta (near Budapest), a massive fire broke out. Local residents reported loud explosion before ignition.
The company receives oil Druzhba pipeline«, which connects Russia with several European countries.

According to the publication Vezess.hu, The fire was contained, however Rescuers continue to work. Representatives of the company do not rule out that the incident may temporarily affect the supply of fuel in the domestic market.

Explosion at the Romanian Petrotel-Lukoil plant

In Romania, in the city of Ploesti, happened explosion at the Petrotel-Lukoil oil refinery, which is owned by a Russian company «Lukoil».
As reported by Digi24.ro, One employee suffered burns and is in hospital.

Romanian authorities are checking possible environmental impact of the explosion. The company has annual capacity of about 2.5 million tonnes of oil, making it one of the largest refineries in the country.

Both accidents occurred in one day

According to European media, the events took place with a difference of several hours.
Although there is no official confirmation of a link between the incidents, analysts note that Both plants are related to Russian energy flows - through Druzhba or Lukoil.

Experts emphasise that such incidents can affect the stability of the region's fuel market, The Bank's financial performance has been marked by rising oil prices and the deteriorating security situation in Eastern Europe.