Our History

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
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
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
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
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
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
100% acquired in TUS Oil Holding
in Slovenia
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
10% stake acquired in Pearl Petroleum Company in the Kurdistan Region of Iraq
MOL and the Government of Croatia sign the Amendment to the INA Shareholder Agreement
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
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
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
100% stake acquired
in MOL Austria
27.5% stake increase in Fedorovsky exploration block in Kazakhstan
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
70% stake gain delivers control of Slovnaft
25% acquisition of INA Foundation of Intermol, Serbia
2002
Foundation of ZMB – Zapadno Malobalik JV in Russia
TVK is fully consolidated
2001
34.5% stake gain delivers
control of TVK
2000
32.9% stake acquired in TVK
36.2% stake acquired in Slovnaft
1999
Foundation of MOL Pakistan
1998
Foundation of MOL Yemen
Concession acquired in TAL exploration block in Pakistan
1997
Increase in MOL Group’s retail network in Romania by buying Amoco Oil Holding Company
1996
The first Slovakian and Ukrainian MOL filling stations open in Érsekújvár (SK),Párkány (SK), and Ungvár (UA)
Foundation of MOL Slovenia
1995
The first Romanian MOL filling station opens in Nagyszalonta
1991
1st October – Foundation of MOL Plc.