MOL’s New Well Produces 1,400 Barrels of Oil a Day The new oil well in Somogysámson (southwestern Hungary) is the first new oil deposit in Transdanubia in almost a decade,... 2025.05.28.
Increasing Domestic Gas and Oil Extraction Strengthens Energy Sovereignty Drilling rig in an oil field near Vecsés (Budapest metropolitan area) Between January and March this year, more gas and... 2025.05.23.
Agreement with Türkiye on Gas Power Plant Construction An agreement has been reached between Hungary and Türkiye on the construction of a new gas power plant and the... 2025.05.02.
New Pipeline to Secure Serbia’s Oil Supply via Hungary As a result of another "courageous and sovereign decision," a new oil pipeline could be built between Hungary and Serbia.... 2025.04.03.
MOL Discovers New Oil Field in Transdanubia MOL has discovered a new oil field in the Transdanubian region (western Hungary), near Somogysámson. The oil was discovered at... 2025.03.18.
MOL Dissatisfied with Oil Transport Contract Signed with Croatian Pipeline Operator Croatian oil pipeline operator Janaf has signed an oil transport contract with Croatian oil company INA and Hungarian MOL for... 2025.02.27.
Fuel Prices Have Risen Dramatically since the Start of the New Year As of today, domestic wholesale fuel prices have increased further: petrol costs 3 forints more gross (0.007 euros) and diesel... 2025.01.16.
Third Vecsés Oil Well Boosts MOL’s Domestic Production Drilling rig in the Vecsés oil field. The Vecsés oil field (near Budapest) has delivered on its promises and has... 2024.11.06.
Tenth Well Drilled in Eastern Hungary Gas Fields MVM Group is drilling its tenth well in the gas fields of Eastern Hungary, the Ministry of Energy said on... 2024.09.12.
Agreements Reached on Oil Transport from Russia MOL has agreed on the supply of crude oil from Russia, the company announced on the website of the Budapest... 2024.09.10.
EU Spokesman: Ukraine’s Oil Block “Not a Problem” There is no issue for either Hungary or Slovakia regarding Ukraine's imposition of oil supply restrictions on the Russian company... 2024.07.26.
New Oil Well Starts Production near Budapest After another successful drilling, a new oil well has recently started production in the Vecsés oil field (near Budapest), in... 2024.06.07.
MOL Discovers a New Oil Deposit in Central Hungary Crude oil has been found near Tura (central Hungary), providing around 1,000 barrels per day. For the Hungarian oil company... 2024.05.01.
Price of Petrol to Break This Year’s Record on Friday New fuel prices have been announced by Hungarian wholesalers for the last working day of the week, writes Világgazdaság. The... 2024.03.07.
Bad News for Motorists: Further Price Increase at the Pumps There is almost no week that does not see fuel prices going up at Hungarian petrol stations. The price of... 2024.03.05.
Security of the Druzhba Pipeline in the Interest of All Parties An analysis of the economic importance of the Friendship (Druzhba) oil pipeline has been carried out by the Oeconomus Foundation.... 2023.05.19.
EU’s Room for Maneuver Narrows with New Oil Sanctions Sanctions are increasing the chances of serious supply problems in the European Union, Olivér Hortay, head of energy and climate... 2023.01.30.
Russia’s Oil Export Ban Does Not Directly Affect Hungary’s Oil Supply Vladimir Putin reacted to the EU oil cap: the Russian president announced an oil export ban. Olivér Hortay, head of... 2022.12.28.
Ukraine Demands More Money for Transit Supplying Oil to Hungary Oil pumping through the Ukrainian section of the Friendship pipeline was stopped and shortly after resumed on Wednesday. This week,... 2022.11.24.
Kuwait on the Danube? Oil Deposits Found near Budapest Hungarian oil company Mol has discovered a significant amount of oil at a depth of 2100 meters near Vecsés, next... 2022.11.22.
Oil Deliveries Resume through Friendship Pipeline Both the foreign minister and the prime minister's office have confirmed that crude oil deliveries have restarted through the Friendship... 2022.11.17.
