MOL Group has entered into a new strategic partnership with Libya’s National Oil Corporation (NOC). The Memorandum of Understanding sets the foundation for cooperation in hydrocarbons exploration, technological innovation and crude trading. The memorandum of understanding was signed in Budapest by MOL Group Chairman and CEO Zsolt Hernádi and Masoud Suleman, Chairman of the National […]

Following the signing of a Memorandum of Understanding with the State Oil Company of the Republic of Azerbaijan (SOCAR) last September to evaluate further potential cooperation opportunities in the area of hydrocarbon exploration in the Shamakhi-Gobustan region in Azerbaijan, the new agreement marks further progress in MOL’s strategic partnership with SOCAR. The agreement was signed […]

The Mol Group and Turkish Petroleum have signed concession agreements with the Hungarian Ministry of Energy, allowing them to launch joint hydrocarbon exploration in two concession areas in Hungary, Tamási and Buzsák, Mol announced on Wednesday. The joint tender and exploration program is the first significant step since the two companies signed a strategic partnership […]

Hydrocarbon exploration in the Üllő area of the Dány concession area looks promising, Director of Exploration and Production at Mol Hungary, Ádám Homonnay said this Monday at the presentation of a 3D seismic survey in Üllő, just southeast of Budapest. The oil company is exploring for hydrocarbons in an area of about 30 square kilometers […]