The first shipments of Russian crude oil have arrived in Hungary and Slovakia via the Druzhba pipeline, Mol Plc. announced on the Budapest Stock Exchange’s website on Thursday. "MOL Group received crude oil at the Fényeslitke and Budkovce pumping stations earlier today. Crude oil deliveries via the Druzhba pipeline system have thus resumed to Hungary […]
Crude deliveries through the Druzhba ('Friendship') pipeline were received in Ukraine after repair work on the pipeline, Hungary's main source of delivery for its Russian crude oil, had been completed, Hungarian oil and gas company MOL said in an announcement posted on the website of the Budapest Stock Exchange on Wednesday. JSC Ukrtransnafta, which operates […]
At MOL Group’s Annual General Meeting this week, shareholders approved the Board of Directors' report on the 2025 financial results and adopted the consolidated financial statements. The General Meeting decided to pay a dividend of HUF 241 billion, and re-elected Dr. Oszkár Világi and Dr. György Bacsa as members of the Board of Directors for […]
MOL Group has entered into a new strategic partnership with Libya’s National Oil Corporation (NOC). The Memorandum of Understanding sets the foundation for cooperation in hydrocarbons exploration, technological innovation and crude trading. The memorandum of understanding was signed in Budapest by MOL Group Chairman and CEO Zsolt Hernádi and Masoud Suleman, Chairman of the National […]
The Hungarian oil and gas company MOL Plc. has notifies the market in a statement on the website of the Budapest Stock Exchange that MOL Group has signed a binding Heads of Agreement with Gazprom Neft to acquire its 56.15% stake in the Serbian Naftna Industrija Srbije (NIS) corporation. Once the transaction is completed, MOL […]
MOL ends the year stronger than ever: 2025 brought an absolute record for Fresh Corner's two iconic products, coffee and hot dogs. Sixty-six million cups of coffee were sold in the region, and 12.4 million in Hungary – the company has never achieved such high figures in a single year before. Hot dogs also broke […]
Hungarian oil and gas company MOL on Wednesday said it signed a production sharing agreement with Azerbaijan's state oil company SOCAR. The agreement, preceded by a heads of terms deal in June, is for exploration and production in Azerbaijan's Shamakhi-Gobustan area. MOL holds a 65% stake in the project and will act as operator. SOCAR […]
The Hungarian oil and gas company MOL Plc. entered into a sale and purchase agreement this Thursday to acquire Polsolar Ltd., holding five fully operational solar farms near Mezőcsát in Eastern Hungary, MOL said in a statement on the website of the Budapest Stock Exchange. The five solar farms have a combined capacity of 304 […]
Three Hungarian companies are among the top ten in a regional ranking based on revenue according to a study by trade credit risk management company Coface. Oil and gas company MOL is in fourth place in the Coface CEE Top 500 ranking, state-owned energy company MVM is in eighth and Audi Hungaria is in tenth […]
Hungary's MOL Group called for tangible actions to restore Europe's industrial competitiveness, warning that high energy costs, regulatory complexity and burden along with the increasingly fragmented markets were putting the continent's long-term prosperity at risk, in a statement issued on Wednesday. In the statement, the company advocated for a 'European Minimum of Competitiveness' a shared […]
MOL Plc. has notified market participants on the website of the Budapest Stock Exchange that MOL Group’s Board of Directors and Supervisory Board decided to initiate the reorganization of the Group by switching to a Holding structure and at the same time also decided to convene an Extraordinary General Meeting for 27 November 2025. The […]
Hungary's MOL Group has signed an agreement to restart international crude exports from the Kurdistan Region of Iraq, MOL Plc. has notified market participants on the website of the Budapest Stock Exchange. The statement says that MOL, as an integrated oil and gas company with interests in Exploration and Production (E&P) assets in the Kurdistan […]
MOL Group announced its financial results for Q2 and H1 2025 on the website of the Budapest Stock Exchange. In the second quarter of the year, MOL Group delivered USD 236 mn profit before tax, marking a 56% decrease year-on-year. According to the statement, slowing regional macroeconomic environment impacted performance adversely in Q2, however, this […]
The MOL Group has announced on the website of the Budapest Stock Exchange that it takes part in the maintenance of the Budapest University of Technology and Economics (‘BME’) as a strategic investor, as part of which the country's most prestigious technical higher education institution is moving to a new, private university operating model. With […]
Following the signing of a Memorandum of Understanding with the State Oil Company of the Republic of Azerbaijan (SOCAR) last September to evaluate further potential cooperation opportunities in the area of hydrocarbon exploration in the Shamakhi-Gobustan region in Azerbaijan, the new agreement marks further progress in MOL’s strategic partnership with SOCAR. The agreement was signed […]
