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MOL Group

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Mol Százhalombatta Refinery at Full Capacity Again

D&T
Sep 18, 2022

The first phase of the planned major shutdown of the Danube Refinery in Százhalombatta, south of Budapest, has been completed, Mol has kept to schedule and restarted all plants, thus producing fuel at full capacity again, the company said in a statement. The second phase of maintenance is scheduled to start on October 9. It […]

Hungarian Oil and Gas Company Reports Record Profits

D&T
Aug 5, 2022

In the first six months, MOL Group delivered USD 2.179 bn EBITDA while in Q2 the EBITDA reached USD 1.347 bn, an overall strong result considering the volatile, unpredictable and uncertain external environment, according to financial results for Q2 and H1 2022 announced by the Group on the website of the Budapest Stock Exchange. Upstream […]

Mol Danube Refinery Shuts Down for Maintenance

D&T
Jul 27, 2022

The planned maintenance of Mol's Danube Refinery will start this weekend, and production should resume in September at the earliest. Some petrol stations may experience temporary outages. Therefore, the company asks motorists to fill up only as much as they need to ensure that everyone has enough fuel. The current maintenance will guarantee that the […]

MOL Joins IOGP Initiative to Help Ukraine

D&T
May 7, 2022

The Hungarian oil and gas company Mol is showing solidarity with the war-affected Ukrainian energy sector, and is providing equipment to support the continued and safe operation of the energy network, the group said in a statement on Saturday. Mol Group has also joined the initiative of the International Oil and Gas Producers' Association (IOGP) […]

MOL Launches the Production of Green Hydrogen

D&T
Apr 27, 2022

The Hungarian oil and gas company MOL builds one of the largest capacity green hydrogen plants in Europe in Százhalombatta, just south of Budapest. This investment of EUR 22 million allows MOL to produce 1,600 tons of green hydrogen annually with the help of renewable electricity and enables about 25,000 tons of CO₂ saving. MOL […]

MOL Sells its Upstream Portfolio in the UK

D&T
Mar 24, 2022

The Hungarian oil and gas company MOL has signed an agreement with Waldorf Production Limited (“Waldorf”) covering the sale of its entire Upstream portfolio in the United Kingdom. The divested offshore assets include MOL’s 20% stake in the Catcher field, a 50% stake in Scolty & Crathes and a 21.8% stake in Scott as well […]

MOL Petrolkémia Builds a New Plant in Tiszaújváros

D&T
Mar 23, 2022

By investing EUR 180 million, MOL Petrolkémia builds a new plant in Tiszaújváros where its foundation stone laying ceremony took place this Wednesday. 7-8% of the investment costs are covered by Hungarian taxpayers through a government decision. The production unit, which has an annual manufacturing capacity of 100,000 tons of propylene per year, covers a […]

Record High EBITDA in 2021 at MOL Group

D&T
Feb 20, 2022

MOL Group has announced its financial results for Q4 and full year 2021. In a very volatile external environment, MOL Group generated USD 947mn Clean CCS EBITDA in Q4, bringing full-year clean CCS EBITDA to an all-time high USD 3.531 bn, above the updated guidance. Simplified free cash flow tripled since last year and amounted […]

MOL Acquires Filling Stations in Hungary and Poland

D&T
Jan 12, 2022

Hungarian oil and gas enterprise MOL Group has signed an agreement to acquire Normbenz Hungary Ltd, which operates 79 service stations in Hungary under the Lukoil brand. MOL has also signed an agreement with Grupa Lotos SA and PKN Orlen to acquire 417 service stations in Poland. The Lukoil agreement announced today follows an acquisition […]

MOL Group Inaugurates New Petroszolg Headquarters

D&T
Sep 29, 2021

Petrolszolg's new HUF 6.7 billion headquarters in Tiszaújváros was inaugurated. The industrial maintenance and services company, wholly owned by the Hungarian oil and gas trust MOL Group, will now manage the servicing of MOL's Tiszaújváros site from the new building. The 9,500-sqm facility has two floors, six units and four large workshop halls. This is […]

For a Low-Carbon Circular Economy in Central Europe

Sándor Laczkó
Apr 13, 2021

The Hungarian oil and gas company MOL is not only one of the best-known Hungarian brands, but has been expanding in the region for a good quarter of a century, followed by the acquisition of positions in Asia and a role in the North Sea. Keeping up with the times, the company diversifies its operations […]

Updated, Integrated Long-term Strategy at MOL

D&T
Feb 24, 2021

The Board of Directors of the Hungarian oil and gas trust MOL reviewed and approved 'MOL Group 2030+', an update of the company’s long-term strategy – which was originally announced in October 2016 –, fully integrated with a new sustainability strategy and complemented with a longer-term vision and ambitions beyond 2030. A statement by the […]

MOL Group: Solid Performance in 2020

D&T
Feb 19, 2021

MOL Group has announced its financial results for 2020 that shows operating earnings without one-off special effects and adjusted by the current cost of supply decreasing but still a bit above USD two billion. Despite the much challenging pandemic and economic crisis, MOL Group generated USD 464 million Clean CCS EBITDA in the fourth quarter, […]

MOL Group Donates Disinfectants to Relief Campaign

D&T
Dec 20, 2020

The Hungarian oils and gas group MOL supports the large-scale Christmas relief campaign of the Hungarian Interchurch Aid with a donation of 2,300 liters of hand and surface disinfectant. The charity service will deliver 500 servings of hot meals a day to those in need for five days this year. Due to the epidemic situation, […]

MOL Group Tops Hungarian Corporate Revenue List

D&T
Nov 11, 2020

The Hungarian business weekly HVG has prepared the list of the country's corporate entities with the highest revenues in 2019. The oil and gas group MOL continues to top the list of 500 companies but the largest anual revenue increase was produced by Audi Hungaria. According to hvg.hu, the combined sales of the 500 companies […]

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