Hungary's MOL expects repairs at its Danube Refinery, following a fire in October, to finish in Q3 2026, the oil and gas company said in an announcement on the website of the Budapest Stock Exchange. MOL said the time required for repair was "subject to change" as a damage probe was still underway and the […]
The 30th anniversary of the listing of Hungarian oil and gas company MOL on the Budapest Stock Exchange was celebrated at the bourse on Friday. At a ceremony at the opening bell, Mihaly Varga, the governor of the National Bank of Hungary, the bourse's majority owner, acknowledged the contribution of Hungarian multinationals like MOL to […]
Third-quarter net income of Hungarian oil and gas company MOL fell 15% year-on-year to HUF 94.8 billion as revenue dropped, an earnings report released ahead of the opening bell on Friday shows. Net sales declined 8% to HUF 2,268 billion. Operating profit slipped 7% to HUF 163.0 billion. MOL noted that EBITDA, at current cost […]
MOL Plc. has notifies market participants of the following MOL and O&GD have discovered a new oil field at a depth of approximately 2,400 meters near Galgahévíz, Hungary. O&GD and MOL share the extracted volume in a 51%-49% ratio. The Galgahévíz4 well is capable of producing approximately 1,000 barrels of crude oil per day, which […]
The Hungarian oil and gas company MOL is exploring geothermal energy and has conducted 3D seismic measurements in and around the Danube Refinery in Százhalombatta, south of Budapest to investigate the potential for geothermal energy utilization. They are looking for high-temperature aquifers in the area that could be used to make the refinery's operations more […]
Mol Limo's service is now available on a trial basis at Lake Balaton, Balatonfüred and Siófok. With this innovation, the car-sharing company is responding to users' growing demand for multi-day trips, Mol Limo told MTI on Thursday. During the trial period, which runs from July 10 until further notice, two types of cars – the […]
The Hungarian population would most likely spend state resources on the development of renewable energy sources, according to a representative national survey commissioned by Mol. According to a summary sent to MTI on Thursday, based on a survey that also asked about climate issues, 70% of the total population feels that climate change has a […]
With the popularity of digital payment solutions, the use of cash continues to play a dominant role in everyday life, and in response to this demand MBH Bank will install ATMs at 55 Mol petrol stations, the companies' executives announced on Thursday at a handover ceremony at the Prielle Kornélia Street petrol station in Budapest's […]
The Hungarian oil and gas company Mol has made three new natural gas discoveries in the Tal exploration area in Pakistan, for which the company has now started to develop an extraction strategy, the Hungarian Minister for Foreign Affairs and Trade, Péter Szijjártó announced in Islamabad. Mol has been present in the Pakistani market for […]
The Hungarian oil and gas company Mol has acquired the gas fields and related infrastructure of O&GD near Endrőd, SE Hungary, Mol announced on Tuesday, according to MTI. The area of about 1,000 square kilometers includes 29 wells trained for hydrocarbon production, with a daily production of about 1,000 barrels equivalent. In the longer term, […]
The oil and gas company MOL Plc. has notified the capital markets oon the website of the Budapest Stock Exchange on Tuesday that it had discovered a new oil field near Somogysámson in Western Hungary. During the exploration drilling carried out in December last year, oil was found at a depth of 1,250 meters. According […]
The oil and gas company Mol Plc. and the University of Miskolc (ME) in NE Hungary signed a new partnership agreement in the field of research, development and innovation on Tuesday. At a press conference in Miskolc, József Molnár, CEO of the Mol Group, said that the cooperation between the company and the university would […]
Moody's Ratings has withdrawn its 'Baa3' long-term investment grade rating on the Hungarian oil and gas company Mol. The international credit rating agency stressed in the reasons for the decision announced in London that it had withdrawn the rating of the Hungarian oil and gas group on the basis of its own business considerations. Moody's […]
Profit before tax at the Hungarian oil and gas company MOL reached USD 503 mn in the third quarter of 2024, lower by 24% year-on-year but on track to meet annual guidance, the company reports on the website of the Budapest Stock Exchange. Main points of the report include: Chairman-CEO Zsolt Hernádi commented the result […]
Rossi Biofuel Plc., partially owned by the Hungarian oil and gas company Mol, is already capable of producing more than 200,000 tons of biofuel per year. A statement issued on the occasion of the International Day of Biodiesel points out that the Mol Group, through its long-term strategy called "shape tomorrow," is increasingly focusing on […]
