Hungary Drops its Veto Against Sanctions, Gets Vague Guarantees in Return Hungary achieved a "huge success" by receiving guarantees from the European Commission (EC) to protect its energy security, and the... 2025.01.28.
European Liberals Furious as Hungary Puts its Foot Down on Energy Security File photo of NATO Secretary General Mark Rutte (L), PM Viktor Orbán, and PM Donald Tusk (R) At Monday's meeting... 2025.01.27.
Oil Company MOL Asks Retailers to Reduce Prices Hungarian oil and gas company MOL has sent a letter to retailers telling them that it is time to rein... 2025.01.22.
Viktor Orbán: The Current Situation at Petrol Stations Is “outrageous” The current situation at Hungarian petrol stations is "outrageous," Viktor Orbán said in his latest video. The Prime Minister explained... 2025.01.20.
Minister Warns of Rising Fuel Prices due to New US Sanctions The new sanctions package of the outgoing US administration poses serious challenges to Central Europe, and the Hungarian government will... 2025.01.13.
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... 2024.09.28.
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... 2024.09.03.
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,... 2024.08.12.
Brussels “Playing for Time” over Ukraine’s Oil Blockade The European Commission (EC) has come to the preliminary conclusion that an urgent consultation on Lukoil supplies through Ukraine does... 2024.08.02.
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... 2024.07.10.
Fuel Prices Crawling Upwards, Government Ready to Intervene Fuel prices are once again above the average prices of neighboring countries, therefore the government will put the issue on... 2024.07.03.
Multinational MOL Takes Oil Production to a New Level through an Azeri Project One of the MOL refineries Oil production has begun at the new Azeri Central East (ACE) rig, part of the... 2024.04.17.
Economy Could Be Impacted by Escalation of Israel-Hamas War The Hungarian economy will feel the immediate impact of the Israeli-Palestinian conflict if it does not stop at the borders.... 2023.10.17.
No Prospect of a Fall in Fuel Prices Yet Fuel prices in Hungary have been rising steadily for weeks, and there seems to be no end to the trend,... 2023.08.15.
Sanctions Cannot Bring Russia to Its Knees, Says Oil Company CEO It has been proved that sanctions cannot bring Russia to its knees, the CEO of Hungarian oil and gas company... 2023.07.31.
Conditions Are in Place to Ensure Uninterrupted Gas and Oil Supplies All conditions are in place for the uninterrupted continuation of natural gas and oil supplies to Hungary, so we can... 2023.07.28.
Ukrainian Armor Moves Thanks to Hungarian Fuel Exports Most Ukrainian tanks are powered by oil imported from Russia by Hungary and Turkey, and made available to Kiev. Ukraine's... 2023.07.25.
Significant Decrease Coming in Windfall Tax Rates The new headquarter of Hungarian oil and gas company MOL was inaugurated last year. A government decree amending regulations on... 2023.07.21.
Péter Szijjártó Requests Extension for Russian Oil Exports Hungary's foreign minister wants to extend MOL's exemption from sanctions against Russia for another year to allow the leading Hungarian... 2023.07.04.
Ukraine Increases Oil Transit Fees on Friendship Pipeline Yet Again Ukraine has increased the transit fee for oil shipments, the rise was, however, still less than originally planned. Under the... 2023.06.02.
Islamist Militants Storm Hungarian-owned Refinery Islamist militants stormed a natural gas and oil extraction plant in northwest Pakistan on Tuesday, killing four police officers and... 2023.05.23.
