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. […]
The Hungarian oil and gas company Mol will open ten new filling stations in Poland in the first half of this year, one of the largest development programs of the company's Polish subsidiary (Mol Polska) in recent years, according to a report by Polish economic news portal ISBnews on Monday, citing a statement by Mol. […]
Hungarian oil and gas company MOL announced on Wednesday its entry into Libya in partnership with Spain's Repsol and Turkey's TPAO. After winning a joint bid for the O7 offshore block, MOL will enter the exploration project with a 20% stake. Repsol will hold 40% and operate the project, and TPAO will have a 40% […]
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 […]
