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mol

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Gas, Oil Production Remains Mol's Main Activity in Algyő

D&T
Nov 29, 2022

Traditional oil and gas production will remain Mol's main profile in Algyő, SE Hungary, for a long time to come, but the company is exploring the possibility of installing renewable energy sources, László Kardos, head of the company's Algyő production region, told reporters on site. A ten-year forecast has been prepared. It is reviewed every […]

Even MOL Petrol stations Suffer Shortages

D&T
Nov 28, 2022

20% of petrol stations operated by the Hungarian oil and gas company MOL, basically the only supplier of petrol in the country due to the capped price situation, have been reported to experience partial stock shortages in recent days. Stations in the capital and in the countryside were found to be out of 95-grade petrol […]

Mol Finds Crude Oil in Vecsés

D&T
Nov 22, 2022

The Hungarian oil and gas company MOL has discovered a significant amount of oil at a depth of 2,100 meters near Vecsés, just south of Budapest. MOL started exploratory drilling in the area in July, and after carrying out the necessary tests, it proved that it had discovered a previously unknown oil field, the company […]

AutoWallis, ALTEO and Opel Support Spread of E-Mobility

D&T
Nov 10, 2022

Owners of electric Opel vehicles will be able to buy not only vehicle chargers but will also receive access to sustainable energy solutions: thanks to the coordination of e-mobility-related services between the AutoWallis Group and ALTEO, owners of electric Opel vehicles will be offered a complex solution that ensures reliable and cheaper electric vehicle use. […]

Outstanding Third Quarter Results at the MOL

D&T
Nov 4, 2022

Supported by the strong Upstream and Downstream performance, driven by the macroeconomic factors, Clean CCS EBITDA resulted in USD 1,449 mn in Q3 2022, the Hungarian oild and gas company MOL said on the website of the Budapest Stock Exchange. This result brought Q1-Q3 2022 EBITDA to USD 3,627mn that allows MOL to further upgrade […]

Hungarian Gas Stations Introduce 50-Liter Limit

D&T
Jun 24, 2022

In order to ensure customer service and the smooth operation of service stations, Mol, the operator of the largest gas station network in Hungary, has announced that from Friday, a maximum of 50 liters of fuel can be purchased at a normal pump at its filling stations instead of the previous 100 liters. The company […]

INA Refinery in Rijeka, Croatia

Rijeka Refinery Residue Upgrade Project

D&T
Dec 13, 2019

The Hungarian oil and gas company MOL Plc. has notified the market on the website of the Budapest Stock Exchange that the Supervisory Board of its Croatian subsidiary, INA granted its prior agreement this Friday for the Rijeka Refinery Residue Upgrade project and the INA Management Board unanimously approved the investment. The decision was supported […]

Messer gas production facilities at the site of MOL Petrochemicals

Messer Builds Plant for MOL in Hungary

D&T
Dec 4, 2019

Messer Hungarogáz Ltd., member of the Germany-based supplier of industrial gases Messer Group GmbH has signed a contract for the construction of a new on-site facility with MOL Petrochemicals, a member of Hungary's MOL Group. A statement by the Messer Group says that the plant will supply nitrogen and instrument air for a new polyol […]

| premieroil.com

MOL starts producing oil the North Sea area

D&T
Dec 27, 2017

The Hungarian oil group MOL and its partners have begun oil production in the framework of the Catcher project, located in the UK Central North Sea. First oil from the project where MOL'S share is 20%, was achieved on December 23, 2017.

Budafapuszta 2 oil well | A. Varga/Wikipedia

MOL celebrates Hungarian oil exploration anniversary

D&T
Sep 1, 2017

The Hungarian oil and gas trust MOL celebrates the 80th anniversary of its first exploratory drilling that took place in Budafapuszta, Zala County in SW Hungary. In the rest of the year, MOL is to start drilling for oil and gas in eastern Hungary.

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MOL buys polyol license

D&T
Jul 20, 2017

Half a year after the announcement of its 2030 strategy, Hungary's MOL Group has signed license agreements signed with Evonik and thyssenkrupp that will enable MOL to produce propylene oxide, a key component for the production of polyether polyols.

| 123RF.com

MOL sells Energopetrol stake to INA

D&T
Jul 18, 2016

Hungarian oil and gas group MOL has announced that it is selling its minority stake in Energopetrol to INA, its own Croatian subsidiary. The share purchase agreement with INA concerns the sale of MOL's 33.5% equity stake in Energopetrol.

The TAL Block in Pakistan | www.energy-pedia.com

New MOL oil and gas discovery in Pakistan

D&T
Jun 17, 2016

Hungarian oil and gas group MOL has announced on Friday a new oil and gas discovery in the TAL Block it operates in Pakistan. This marks the 8th discovery in the block and Mol's 12th discovery in the country, portfolio.hu reports.

IPN Drilling Rig in the North Sea | Source: ithacaenergy.com

Hungarian company in Norway’s oil industry

D&T
Apr 29, 2015

Hungarian fuels group MOL has entered Norway by acquiring 100% ownership in Ithaca Petroleum Norge (IPN) from Ithaca Petroleum Ltd. for USD 60 million to extend its presence in the North Sea region and enhance its international exploration portfolio.

North Sea oil platform | Stan Shebs / Wikipedia

MOL closes North Sea search license acquisition

D&T
Mar 25, 2014

Hungarian oil and gas group MOL has announced that it has successfully closed its previously announced North Sea acquisition, adding that the region was a "very attractive area", the Hungarian financial website, portfolio.hu reports.

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