The Hungarian oil and gas company Mol has signed an agreement with BayWa AG to purchase the Szarvas Biogas Plant, a waste processing facility that uses organic waste to generate electricity and heat through cogeneration with a peak electrical capacity of about 4 megawatts in the eastern Hungarian town of Szarvas. According to the company, […]
The European Commission has given its final approval for the acquisition of OMV Slovenija by the Hungarian oil and gas company Mol, putting the Mol Group on track to become the second largest player in the segment in Slovenia. The Mol Group has fulfilled all the conditions for closing the transaction to acquire a 92.25% […]
MOL Group delivered USD 714mn Clean CCS EBITDA in Q1 2023 (a 14% decrease compared to Q1 2022), despite regulatory headwinds and decreasing oil and gas prices, the Hungarian oil and gas conglomerate said this Friday morning, announcing its financial results for Q1 2023 on the website of the Budapest Stock Exchange. According to a […]
MOL Group announced its financial results for Q4 and full year 2022 on the website of the Budapest Stock Exchange. Despite the unprecedentedly turbulent external environment, MOL Group generated USD 1.074 billion in the fourth quarter of 2022, bringing full-year EBITDA to USD 4.702 billion. Upstream and Downstream together provided 95% of this result in […]
Mol Campus, the Hungarian oil and gas company's new headquarters in Budapest was opened this Thursday, the state news agency MTI reports. 2,500 people will work in the building to grow the company, as it is necessary to secure Hungary's energy supply, the CEO of the Mol Group, Zsolt Hernádi said at the opening ceremony. […]
The Hungarian oil and gas company MOL Plc. has notified market players on the website of the Budapest Stock Exchange that it is gradually restarting production at its Danube refinery. MOL initiated a planned shutdown of the Danube refinery in the first half of October 2022. During the restart, it was realized that further maintenance […]
