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Results: (167)
21 Nov 2024 Press releases MOL Group signed cooperation agreement with the Kazakhstani national oil company, KazMunayGas Budapest, 20/11/2024 – MOL Group and Kazakhstani national oil company KazMunayGas (KMG) have signed today a cooperation agreement to jointly explore opportunities in the oil, gas and petrochemical sector. This agreement builds on the successful joint venture in Kazakhstan, wher...
08 Nov 2024 Press releases MOL GROUP Q3 RESULTS: RESILIENT RESULTS AMIDST DOWNSTREAM UNDERPERFORMANCE CAUSED BY THE MACRO-ENVIRONMENT Budapest, 8 November 2024 – MOL Group today announced its financial results for Q3 2024. The company is on track to meet its annual profit before tax guidance reaching USD 503mn in this period and USD 1,419mn in the first nine months of 2024. Upstream reported high production l...
31 Oct 2024 Press releases European ministerial delegations visited the largest capacity green hydrogen plant of the CEE region Budapest, 29/10/2024: European energy ministers visited the green hydrogen plant of MOL Group’s Danube Refinery in Százhalombatta. The delegations arrived in Budapest for the Central and South-Eastern Europe Energy Connectivity (CESEC) group’s ministerial meeting and di...
17 Oct 2024 Press releases MOL Group and Turkish Petroleum to establish strategic partnership for hydrocarbon explorations Budapest/Istanbul, 16/10/2024: MOL Group signed a Memorandum of Understanding with Turkish Petroleum Corporation (TPAO) in Istanbul to cooperate as strategic partners in the exploration and production of hydrocarbons. The companies agreed to elevate their cooperation to a new level after succe...
09 Oct 2024 Press releases MOL signed major agreement in Azerbaijan to develop gas reserves of the ACG field Budapest/Baku,20/09/2024: MOL Group and its Joint Venture (JV) partners signed commercial agreements for the development of gas reserves in Azerbaijan. After SOCAR and BP, MOL is the third larges...
04 Sep 2024 Press releases MOL started production in the largest capacity green hydrogen plant of the region Százhalombatta, 04/09/2024: At the Százhalombatta refinery of MOL, a 10 megawatt capacity green hydrogen plant, the largest in Central and Eastern Europe has started producing. The facility produces 1,600 tonnes of clean, carbon-neutral green hydrogen per ...
26 Aug 2024 Press releases A more competitive, self-sufficient and greener region: MOL Group is to achieve carbon neutrality with a smart transition Budapest, 13 March, 2024. MOL Group has updated its long-term strategy SHAPE TOMORROW: the company aims to make the region greener, more self-sufficient and more competitive. MOL Group is ensuring a smart transition with tomorrow's solutions: investing into further strengthening the r...
16 Aug 2024 Press releases MOL Pakistan makes 3 new discoveries in the TAL Block with Razgir-1 exploratory well MOL spudded the Razgir-1 well in January 2024 and completed it ahead of the target date while testing operations are in progress to ascertain the full potential of the well.
09 Aug 2024 Press releases MOL Group reports stable and reliable financial performance amid industry challenges in H1, 2024 Budapest, 9 August 2024 – Today MOL Group announced its financial results for Q2 and H1 2024. In the first six months MOL Group delivered USD 916 mn profit before tax, marking a 19% increase year-on-year while in Q2 it reached USD 534 mn. Both Downstream and Upstream generated...