News tagged with: MOL

Moody’s Withdraws Oil Company MOL’s Ratings

Moody's Ratings withdrew its 'Baa3' long-term issuer rating on MOL on Tuesday. The international credit rating agency justified the decision...

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Competition Authority Clears MOL over Price Freeze Dispute

The ongoing controversy surrounding Hungary's fuel price freeze, introduced two years ago, has sparked renewed debate, particularly regarding MOL's actions...

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MOL Secures Third Spot in CEE Rankings, despite Decline in Revenue

MOL's Tiszaújváros (northern Hungary) plant. After three years, the automotive and transport sectors have regained the lead, but 2024 does...

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MOL to Expand Green Electricity Production with New Solar Park

MOL Petrochemicals is expanding its green electricity production with a 48-megawatt solar park, creating one of the largest consumer-connected parks...

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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...

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Naftogaz Confirms Deliveries amid Friendship Pipeline Disruptions

In recent developments, the security of oil transport from Ukraine to Hungary has been a focal point of concern amid...

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Legendary Dallas’ Bobby Ewing Visits MOL Headquarters

Patrick Duffy in 2022. Hundreds of millions of people around the world, and millions in Hungary were fans of the...

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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...

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Largest Green Hydrogen Plant in Central and Eastern Europe Starts Production

MOL's Százhalombatta oil refinery plant MOL Group has inaugurated the largest green hydrogen plant in Central and Eastern Europe at...

Halt of Friendship Pipeline Could Have Serious Impact on MOL, Reducing its Value

A possible shutdown of Russian oil supplies through the Friendship pipeline (Druzhba pipeline) could reduce Hungarian oil giant MOL's market...

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Government Considering Legal Action against Brussels for Border Protection Costs

After Wednesday's cabinet meeting, a government press briefing was convened on Thursday, held by Gergely Gulyás, Minister responsible for the...

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Leading African Energy Company Enters Croatia with the Involvement of MOL

The Krk LNG terminal would be one of the supply routes to Europe for Sonatrach, the largest African energy company,...

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MOL Invests USD 1B for a Sustainable Future

In the latest episode of the MOL Talks podcast, Dávid Kapes, Head of Upstream Sustainable and New Energies, Ádám Horváth,...

Significant Increase in the Amount of Biofuel Produced in the Country

Rossi Biofuel Zrt., partly owned by MOL, is now capable of producing more than 200,000 tons of biofuel per year,...

MOL Group Reports Robust Q2 Financial Results Amid Market Pressures

MOL Group reported a strong financial performance in the second quarter of the year, with adjusted EBITDA reaching USD 825M,...

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Temporary Solutions Secure Supply after Ukraine Blocks Oil Transit to Hungary

Only part of the Russian oil reaches Hungary after Ukraine blocked the transit of Lukoil oil via the Druzhba (Friendship)...

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Hungary Seeks Legal Solution to Restore Russian Oil Supply

After Ukraine imposed new sanctions against Russian oil giant Lukoil in June, blocking the Friendship oil pipeline, Hungary is now...

Oil Giant MOL Reportedly Eyeing Russian Lukoil’s Romanian Assets

The Hungarian multinational company MOL has been in talks with the Russian company Lukoil about a possible acquisition of its...

EU Summit on European Competitiveness Held at MOL’s Headquarters

In connection with the Hungarian EU Presidency, the EU Competitiveness Council met at MOL's headquarters in Budapest with the ministers...

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Economy Minister Summons Fuel Retailers over “Unacceptable Prices”

Minister for National Economy Márton Nagy summoned representatives of Hungarian fuel retailers, i.e. representatives of the Hungarian Petroleum Association, including...

Oil Giant MOL Initiates Arbitration Process against Croatian State

MOL has filed a new arbitration case with the International Centre for Settlement of Investment Disputes (ICSID) against the Croatian...

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