News tagged with: MOL

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...

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...

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Hungary Secures Stake in Azerbaijani Natural Gas Field

A historic agreement has been reached between Hungary and Azerbaijan on the purchase of a stake in one of the...

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“Europe is a talented, but diminishing pupil,” says MOL’s Managing Director

György Bacsa, Managing Director of MOL Hungarian Oil and Gas Plc., gave a presentation on energy policy and economic growth...

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MOL’s New Complex Could Put Hungary at the Forefront of the Chemical Industry

Thanks to the Polyol Complex built in cooperation with Thyssenkrupp, MOL is set to become the leading chemical company in...

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Multinational MOL’s Largest Organic Investment to be Inaugurated Next Week

Next week, Hungarian multinational oil and gas company MOL's Polyol Complex in Tiszaújváros (northern Hungary) will be inaugurated in the...

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MOL Joins the Hungarian Olympic Delegation’s Sponsors

The Opening Ceremony of the Paris Olympics will take place in eighty days, with 180-190 Hungarian athletes expected to take...

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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...

Natural Gas Supplies from Azerbaijan Start for the First Time in History

For the first time in history, natural gas supplies to Hungary from Azerbaijan have started this year, which will make...

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