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Oil industry

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MOL Group Inaugurates New Petroszolg Headquarters

Sep 29, 2021

Petrolszolg's new HUF 6.7 billion headquarters in Tiszaújváros was inaugurated. The industrial maintenance and services company, wholly owned by the Hungarian oil and gas trust MOL Group, will now manage the servicing of MOL's Tiszaújváros site from the new building. The 9,500-sqm facility has two floors, six units and four large workshop halls. This is […]


MOL starts producing oil the North Sea area

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

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.


MOL sells Energopetrol stake to INA

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 |

New MOL oil and gas discovery in Pakistan

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, reports.

Agip petrol station in Hungary |

MOL buys AGIP petrol station network in Hungary

Oct 21, 2015

Mol Group signed an agreement on the purchase of Eni Hungaria Zrt., which operates 183 fuel stations under the brand Agip in Hungary and it is engaged in wholesale business, dailynewshungary quotes the popular Hungarian news portal

IPN Drilling Rig in the North Sea | Source:

Hungarian company in Norway’s oil industry

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.

INA petrol station in Zagreb |

Croatia to buy back INA from Hungary's MOL

Jul 23, 2014

The Croatian government is urging talks on a secured loan to buy back shares of oil and gas company INA from Hungarian counterpart MOL, Croatian Economy Minister Ivan Vrdoljak was reported by as saying.

North Sea oil platform | Stan Shebs / Wikipedia

MOL closes North Sea search license acquisition

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, reports.

| Béla Szandelszky

Hungary's MOL finds oil in Kurdistan

Nov 4, 2013

Kalegran Ltd, a subsidiary of the Hungarian energy group MOL, found discoveries in the Akri-Bijeel block to be commercial grade, at the Bijell-1 and Bakrman-1 wells of the block, located in the Kurdistan region in the northern part of Iraq.

General Electric's Dave Cox in Fót

General Electric expands activities in Hungary

Jul 31, 2013

General Electric (GE) has announced this Wednesday that it will expand the activities of its Fót-based (Hungary) Oil & Gas business, east of Budapest, by a 6,000-square-meter new production hall and an office building to go with it.

| MOL Archive

MOL subsidiary finds oil in Croatia

Sep 12, 2012

Croatian energy group INA has announced that it has made a new oil discovery with exploratory well Deletovci-1 Zapad within the oil field Privlaka near the town of Vinkovci. The latest tests show daily oil production of around 600 barrels per day.

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