MOL Group announces the opening of its new regional office in Erbil, Kurdistan Region of Iraq

• New Regional Office to centralize MOL’s activities in the Middle East and Africa region
• Former CEO of Kalegran Ltd. Majdi Ahmad appointed as regional director
• Local communities and experts to benefit from MOL’s experience in the region

BUDAPEST, 17-6-2014 — /EuropaWire/ — MOL Group proudly announces the opening of its new regional office in Erbil, Kurdistan Region of Iraq, effective from 1st of June. The Group Regional Office will be responsible for controlling the operations in the Middle East and Africa, benefiting from the local experience of the management.

The Kurdistan Region of Iraq plays a significant role in MOL Group’s strategy in the MEA region, and contributes greatly to our balanced international E&P portfolio.

“This new, centralized organization set-up allows us to rationalize Upstream planning and decision making processes in line with the Group E&P strategy and thus increases our efficiency.” – highlighted Alexander Dodds, MOL Group Executive Vice President of Exploration and Production.

“We consider this step as a vote for political stability of a democratic Kurdistan Region as well as a significant commitment by MOL Group to a long-term presence in the Kurdistan Region of Iraq.” – said MOL Group Corporate Affairs Senior Vice President, Szabolcs I. Ferencz.

The implementation and execution of all regional business plans will be conducted by the Regional Director of the Erbil office, which will gradually expand in the coming months.

“In addition, the Regional Office’s wide geographical scope will allow our local staff, our sponsored Kurdish students, as well as local communities to benefit from MOL Group’s regional experience, including Pakistan and Oman.” – commented Dr. Majdi Ahmad, Regional Director of Middle East and Africa.

About MOL Group
MOL Group is an integrated, independent, international oil and gas company, headquartered in Budapest, Hungary. It has operations in over 40 countries and employs around 29,000 people worldwide. MOL’s exploration and production activities are supported by more than 75 years’ experience in the hydrocarbon field. At the moment, there are production plants in 8 countries and exploration assets in 13 countries. The Group operates four refineries and two petrochemicals plants, under integrated supply chain management, in Hungary, Slovakia and Croatia. MOL Group also owns a network of over 1,700 service stations across 11 countries in Central & South Eastern Europe.

Press Contact