Havlíček: Czechia ready to invest in securing oil supplies for Slovakia

The Czech Republic is prepared to launch investments aimed at securing oil supplies to Slovakia. According to Minister of Industry and Trade Karel Havlíček, the cost of establishing a fully operational reverse oil flow system could reach up to one billion Czech crowns.

Speaking after a meeting in Prague with Slovak Economy Minister Denisa Saková, Havlíček said that within two to three years, the system could transport between two and three million tonnes of oil. Representatives of companies such as Čepro and Transpetrol also attended the talks, which focused on conditions, timelines, and next steps.

Oil has not been flowing through the pipeline to Slovakia and Hungary since January 27, when it was reportedly damaged by a Russian attack, according to Kyiv.