Our History

2017
2017
  • MOL remained a Dow Jones Sustainability World Index constituent for the second consecutive year.
  • MOL’s most significant E&P development project in the UK North Sea was commissioned on time and well below the original sanctioned budget with outstanding HSE results
  • Key licence agreements were signed for core technologies of the flagship „Polyol Project”, marking the first milestone along this major petrochemicals transformational journey.
2016
2016
  • Board of Directors approves the company's new long-term strategy : "MOL Group 2030 - Enter Tomorrow"
  • First oil reached on the Scolty & Crathes development in the UK North Sea
  • MOL Group wins Best Downstream Company Award from the Petroleum Economist
  • MOL Group is included in the Dow Jones Sustainability Index
2015
2015
  • MOL Group acquires 173 service stations in Hungary, and additional 17 in Slovenia
  • MOL Plc. becomes 100% owner of TVK Plc. ( subsequently renamed to "MOL Petrochemicals")
  • MOL Group enters Norway expanding its North Sea portfolio by acquiring Ithaca Petroleum Norge
  • Introducing the new shop concept ‘Fresh Corner’
2014
2014
  • MOL Group acquires 208 service stations in the Czech Republic, Slovakia and Romania
  • MOL Extends its Upstream portfolio in the Central North Sea with offshore assets in 6 licences
  • MOL Group Acquires additional 44 service stations in the Czech Republic
2013
2013
  • MOL Group enters the North Sea by acquiring offshore assets with 14 licenses
  • MOL divested its Surgut-7 exploration block and ZMB production field in Russia
  • 30% stake acquired in Ghauri exploration block in Pakistan
2012
2012
  • 100% acquired in Pap Oil and Bohemia Realty Companies in the Czech Republic
  • 49% acquired in North Karpovsky exploration block in Kazakhstan
  • Start of exploration in Block66, Oman
2011
2011
  • 100% acquired in TUS Oil Holding in Slovenia
2010
2010
  • MOL and its partner Expert Petroleum win licences for three exploration blocks in Romania
  • MOL is included in Dow Jones SustainabilityWorld Index as the first and only company from the Region
2009
2009
  • 10% stake acquired in Pearl Petroleum Company in the Kurdistan Region of Iraq
2008
2008
  • MOL-CEZ strategic partnership in the power sector
  • 47.15% increase in stake in INA
  • 40% stake acquired in Karak exploration block in Pakistan
  • 40% stake acquired in Ngosso Permitoff-shore exploration block in Cameroon
  • 35% stake acquired in the North-India exploration block of ONGC in India
2007
2007
  • 20% acquired in Shaikan exploration block in Kurdistan Region of Iraq
  • 100% acquired in IES oil company in Italy
  • 100% acquired in Tifon in Croatia
  • Foundation of Hawasina LLC Oman Branch
  • 100% acquired in Matjushkinskaya Vertikal LLC in Russia
  • 100% acquired in Akri-Bijeel exploration block in the Kurdistan Region of Iraq
2006
2006
  • 67.5% stake acquired by MOL and INA in Energopetrol in Bosnia & Herzegovina
  • 100% stake acquired in Margala and Margala-North exploration blocks in Pakistan
  • 100% stake acquired in BaiTex and in Surgut-7 exploration blocks in Russia
  • Partial sale of gas business to E.ON Ruhrgas International
  • Exploration starts in Block43 in Oman
2005
2005
  • 100% stake acquired in MOL Austria
  • 27.5% stake increase in Fedorovsky exploration block in Kazakhstan
2004
2004
  • 98.4% stake acquired in Slovnaft through public offer
  • MOL is listed on Warsaw Stock Exchange
  • 22.5% acquired in Fedorovsky exploration block in Kazakhstan
  • Purchase agreement to acquire Roth Heizöle Trading company in Austria
  • Acquisition of Shell Romania retail network
2003
2003
  • 70% stake gain delivers control of Slovnaft
  • 25% acquisition of INA Foundation of Intermol, Serbia
2002
2002
  • Foundation of ZMB – Zapadno Malobalik JV in Russia
  • TVK is fully consolidated
2001
2001
  • 34.5% stake gain delivers control of TVK
2000
2000
  • 32.9% stake acquired in TVK
  • 36.2% stake acquired in Slovnaft
1999
1999
  • Foundation of MOL Pakistan
1998
1998
  • Foundation of MOL Yemen
  • Concession acquired in TAL exploration block in Pakistan
1997
1997
  • Increase in MOL Group’s retail network in Romania by buying Amoco Oil Holding Company
1996
1996
  • The first Slovakian and Ukrainian MOL filling stations open in Érsekújvár (SK),Párkány (SK), and Ungvár (UA)
  • Foundation of MOL Slovenia
1995
1995
  • The first Romanian MOL filling station opens in Nagyszalonta
1991
1991
  • 1st October – Foundation of MOL Plc.