Hungarian oil and gas company MOL inaugurated a HUF 2.7 billion biomethane unit at its biogas plant in Szarvas (SE Hungary) on Wednesday. The biomethane unit will have annual capacity of 7 million cubic meters, enough to cover the annual gas needs of 8,500 households. The biogas produced at the plant, in operation since 2011, […]
The Hungarian oil and gas company MOL Plc. has notified the market on the website of the Budapest Stock Exchange that it has completed construction work on the AV3 unit at the Danube Refinery, which was damaged in a fire last fall. The project was completed according to schedule, so once the construction equipment has […]
Hungarian oil and gas company MOL inaugurated a HUF 21.6 billion solar park and battery storage facility in Algyő (SE Hungary) on Thursday. The 37.5 MW solar park was paired with 40 MWh of battery storage capacity. MOL now has nine solar parks with a combined capacity of over 400 MW. MOL plans to install […]
Hungarian oil and gas company MOL will pay a HUF 317.58-per-share dividend on 2025 earnings starting September 25, the company said on Thursday. The record date for payment of the dividend will be September 16. The shares will trade with the dividend coupon for the last time on September 14. MOL shareholders had approved payment […]
Croatian oil pipeline operator Janaf and the Mol Group have signed an agreement for the delivery of 2.05 million metric tons of crude oil by 2026, the Croatian company announced on Thursday. Under the contract, a total of 2.05 million metric tons of crude oil will be transported via Janaf’s pipeline system between January 1 […]
There is enough motor fuel in Hungary; supply is secure and the goal is to ensure that it remains secure tomorrow and the day after tomorrow, the chairman-CEO of Hungarian oil and gas company MOL, Zsolt Hernádi has announced. He said water levels in the Danube, which provides both cooling and industrial water for the […]
Hungary's MOL Group said on Friday that it signed an agreement with Shell to buy BG Cyprus Ltd., Shell's 100% subsidiary. BG Cyprus Ltd. holds a 35% interest in the Cyprus Offshore Block 12 containing the Aphrodite gas field in the eastern Mediterranean. The total consideration payable by MOL for the transaction is up to […]
The Budapest Stock Exchange (BSE) stock index rose this week amid increasing trading volume; on Friday, the BUX closed at 143,471.05 points, up 1.77% from the previous week. Weekly trading volume totaled HUF 106.9 billion, up from HUF 102.8 billion the previous week; leading stocks, with the exception of Richter, gained ground, and Mol reached […]
Hungarian oil and gas company MOL will launch a scheme dubbed MOL Plugee Partner Program supporting businesses that install new, high-capacity electric vehicle charging points with up to HUF 3.6 million per company, MOL said on Friday. The aim of the program is to increase the number of reliable, publicly available charging points at viable […]
Hungarian oil and gas company MOL announced on Thursday that it successfully concluded negotiations with the government of Serbia on the conclusion of a shareholders' agreement for the acquisition of a majority stake in Serbian peer NIS. "Negotiations with the seller and the relevant authorities are ongoing in order to finalize the transaction," MOL's statement […]
Domestic aviation fuel supply is stable and uninterrupted, the oil and gas company Mol announced. According to its statement, the company is continuously ensuring the necessary kerosene supply for airports and their partners, supply chains are operating securely, and no disruptions are expected, the news portal telex.hu reported this Monday. The site also quotes from […]
Hungarian oil and gas company MOL has set up an investigative committee to probe into the circumstances of an accident that occurred at the Olefin-1 petrochemical plant in Tiszaújváros, in north-east Hungary, the company told MTI on Saturday. One person was killed and nine injured in the Friday morning explosion in the plant. The company […]
Hungarian oil and gas company MOL on Thursday said it signed an agreement to acquire hydrocarbon concessions in Hungary from O+GD Central Ltd. Under the sale and purchase agreement, MOL will acquire O+GD's 51% stake in concessions in Mogyoród, Nagykáta and Ócsa, all in central Hungary. The deal also includes a range of other assets […]
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 […]
MOL group has turned to the Energy Ministry to free up the country's strategic crude reserves, the oil and gas company told MTI on Monday. The measure would allow MOL to maintain secure supply for the region, MOL said, adding that no deliveries of Russian crude through the Druzhba pipeline had arrived since January 27. […]
