MOL Group

(IN BRIEF) MOL Group has successfully completed its first ISCC PLUS-certified production run using post-consumer plastic waste-based circular feedstock at its Tiszaújváros site. The pilot marks a breakthrough in the company’s SHAPE TOMORROW strategy, proving its ability to produce polyethylene … Read the full press release →

(IN BRIEF) MOL and O&GD have discovered a new oil deposit near Galgahévíz, Hungary, with the Galgahévíz-4 well producing around 1,000 barrels of oil per day. The project, drilled by Rotary Zrt., strengthens Hungary’s energy independence and reflects MOL’s commitment … Read the full press release →

(IN BRIEF) MOL Group has begun geothermal energy exploration at its Danube Refinery in Százhalombatta, using 3D seismic surveys to identify potential high-temperature groundwater resources. The project could make refinery operations more sustainable by replacing part of its energy demand … Read the full press release →

(IN BRIEF) MOL Group and SOCAR have signed key terms for an exploration, development, and production sharing agreement covering Azerbaijan’s Shamakhi-Gobustan regions, reinforcing their strategic energy partnership. MOL is expected to act as operator with a 65% share, while SOCAR … Read the full press release →

(IN BRIEF) European energy ministers recently visited MOL Group’s green hydrogen plant in Százhalombatta, Hungary, Central Europe’s largest facility of its kind, during the Central and South-Eastern Europe Energy Connectivity (CESEC) meeting. The 10-megawatt plant produces 1,600 tonnes of green … Read the full press release →

(IN BRIEF) MOL Group has updated its long-term strategy, “SHAPE TOMORROW,” aiming for carbon neutrality by 2050. The plan includes over $4 billion in green investments by 2030, focusing on renewable energy, efficiency improvements, and waste management. The company also … Read the full press release →

(IN BRIEF) MOL Group reported strong financial results for the first half of 2024, with a 19% year-on-year increase in profit before tax, driven by robust demand in Downstream, strong Upstream production, and retail expansion. Despite industry challenges, the company … Read the full press release →

(IN BRIEF) Under the Hungarian EU Presidency, the Competitiveness Council gathered at MOL Group’s headquarters to discuss Europe’s industrial competitiveness amidst the green energy transition. Key stakeholders emphasized the need for collaborative policymaking and a supportive regulatory environment. Zoltán Áldott … Read the full press release →

(IN BRIEF) MOL Group has initiated the application process for its renowned fresh graduate program, Growww, offering over 90 positions across 8 countries to young professionals eager to contribute to the energy transition. The program, which has attracted thousands of … Read the full press release →

(IN BRIEF) MOL Group has announced its financial results for Q3 2023, reporting a clean CCS EBITDA of USD 976 million, a 33% decrease compared to the same period last year. Windfall taxes in the CEE region significantly impacted results, … Read the full press release →

Construction has started on the 28-story “MOL Campus”, designed by Foster + Partners MOL hires Berlin-based KINZO studio for the interior design The new building will serve as the headquarters of MOL Group from 2021 For photos and videos of … Read the full press release →

Freshhh is an international online competition for top students interested in the Oil & Gas industry Through Freshhh MOL aims to further engage with digital natives, offering them compelling potential career paths This year’s edition attracted 1,450 teams from nearly … Read the full press release →

BUDAPEST, 13-Feb-2017 — /EuropaWire/ — MOL Group expanded its exploration portfolio by acquiring new licenses in Hungary and Norway. MOL acquired 6 new licences in the 4th bid round in Hungary, doubling its exploration acreage in the country. MOL Norge participated … Read the full press release →

More than EUR 300 million have been invested by Slovnaft in the new production unit and its components Low density polyethylene production capacity will reach 220,000 tons per annum The contractor was a Maire Tecnimont Group, Italy After successful technology … Read the full press release →

MOL Group has successfully acquired 125 Agip service stations in Czech Republic and 41 service stations in Slovakia from ENI Retail network expansion confirms MOL Group’s leading role in CEE MOL Group’s retail network grows to more than 1900 service … Read the full press release →

Edinburgh, Scotland, 25-9-2014 — /EuropaWire/ — Cairn is pleased to announce that it has entered into a farm out agreement for the sale of a 10% interest in the Catcher development and adjacent acreage in the UK North Sea.  With effect … Read the full press release →

MOL Group’s Catcher asset moves into execution phase MOL possesses a 20% non-operated stake in the Catcher Area project Catcher part of portfolio of North Sea offshore assets acquired from Wintershall First oil targeted for mid-2017 BUDAPEST, Hungary, 17-6-2014 — /EuropaWire/ … Read the full press release →

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/ … Read the full press release →

Kassel/Budapest, 28-3-2014 — /EuropaWire/ — Wintershall, a 100% BASF subsidiary, is optimizing its portfolio with today’s financial closing of the transaction with the Hungarian MOL Group. Through Wintershall’s divestment of shares in selected assets on the UK Continental Shelf, MOL Group acquires 14 … Read the full press release →

The plant is a joint venture of MOL and the Japanese JSR Corporation New plant to produce 60,000 tons of synthetic rubber from 2017 The investment is a clear step forward for MOL’s petrochemical value chain Budapest, Hungary, 22-11-2013 — /EuropaWire/ — MOL … Read the full press release →