The first shipments of Russian crude oil have arrived in Hungary and Slovakia via the Druzhba pipeline, Mol Plc. announced on the Budapest Stock Exchange’s website on Thursday. "MOL Group received crude oil at the Fényeslitke and Budkovce pumping stations earlier today. Crude oil deliveries via the Druzhba pipeline system have thus resumed to Hungary […]

Crude deliveries through the Druzhba ('Friendship') pipeline were received in Ukraine after repair work on the pipeline, Hungary's main source of delivery for its Russian crude oil, had been completed, Hungarian oil and gas company MOL said in an announcement posted on the website of the Budapest Stock Exchange on Wednesday. JSC Ukrtransnafta, which operates […]

Earlier this week, the Hungarian oil and gas company Mol requested the Ministry of Energy to open the country's strategic oil reserves for the lack of shipments of crude oil from Russia via a pipeline through Ukraine since the end of last month. Ukraine says the supply was interrupted for technical reasons: one of the […]

Last year, approximately 1.17 million tons of crude oil were extracted from Hungarian fields, the highest figure in the 2000s. Approximately two billion cubic meters of natural gas were extracted, with production exceeding this level last seen in 2013, according to a joint statement by Hungary's Ministry of Energy (EM) and the Supervisory Authority for […]

Hungary's MOL Group has signed an agreement to restart international crude exports from the Kurdistan Region of Iraq, MOL Plc. has notified market participants on the website of the Budapest Stock Exchange. The statement says that MOL, as an integrated oil and gas company with interests in Exploration and Production (E&P) assets in the Kurdistan […]

In a joint statement on Thursday, the Ministry of Energy (EM) and the Regulatory Activities Supervisory Authority emphasized that, in order to ensure a secure supply for domestic consumers, it is advisable to rely as much as possible on energy sources available within the country's borders. The steady increase in the amount of energy produced […]

The Hungarian oil and gas company MOL has discovered a significant amount of oil at a depth of 2,100 meters near Vecsés, just south of Budapest. MOL started exploratory drilling in the area in July, and after carrying out the necessary tests, it proved that it had discovered a previously unknown oil field, the company […]