News in Brief
MOL announces new oil field discovery near Somogysámson
The field is capable of producing 1,200 barrels per day, accounting for about 1pc of group-level hydrocarbon production.
MOL
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News in Brief
MOL and Turkish Petroleum Corporation sign strategic partnership MoU
The MoU was signed in Istanbul by MOL chairman-CEO Zsolt Hernadi and TPAO chairman-CEO Ahmet Turkoglu.
News in Brief
MOL signs commercial agreements for development of gas reserves in Azerbaijan
Hungary's MOL is the third-largest shareholder in the Azeri-Chirag-Deepwater Gunashli (ACG) field, after the State Oil Company of the Republic of Azerbaijan (SOCAR) and BP, which operates the JV.
News in Brief
MOL concludes agreements to secure transport of crude through Druzhba pipeline
MOL said the updated transportation agreements and the new takeover arrangements fully comply with all relevant sanctions and provisions, including those of the European Union and Ukraine.
News in Brief
PM Orbán pledges to introduce the most developed industries to Hungary
The prime minister said the government’s industrial policies would ensure that the industry was supplied with sufficient energy and a well-trained labor force.
Blog
PM Orbán declares election as decisive for peace over war
Addressing voters in Tiszaújváros, PM Orbán marked the upcoming elections as crucial for choosing peace over escalating war tensions in Europe.
Speeches and Remarks
Speech by Prime Minister Viktor Orbán at a ceremony marking the handover of the MOL Group’s Polyol Complex
14 May 2024, Tiszaújváros
News in Brief
FM: Hungary and Serbia preparing to build new crude oil pipeline
Minister Szijjártó said negotiations between Hungarian oil and gas company MOL and Serbian oil transport company Transnafta are underway on the pipeline that will connect Algyő, in southern Hungary, and Novi Sad, in northern Serbia.
News in Brief
Hungary and Pakistan to build stronger relations
The foreign ministers of Hungary and Pakistan have signed cooperation agreements in higher education, diplomatic training and sports affairs.
News in Brief
PM Orbán attends MOL board meeting
CEO Zsolt Hernádi received PM Orbán, Energy Minister Csaba Lantos, Economic Development Minister Márton Nagy, political director Balázs Orbán and state secretary János Nagy.
News in Brief
MOL outlines Hungary's fuel situation
Demand has spiked, consumers started stockpiling, and “a certain degree of panic ensued”. MOL has reached the end of its capacity, said Zsolt Hernádi.
News in Brief
MOL will ensure the country and region’s energy supply
The announcement was made after power to the Druzhba pipeline was cut following a missile strike.
News in Brief
PM Orbán: Government welcomes MOL-PKN Orlen deal
The Hungarian government welcomes MOL’s acquisition in Poland and that Polish investors have appeared in Hungary.