MOL Archives - Balancing Energy

Slovenia: MOL reconsiders operations amid new fuel price regulations

Hungarian energy company MOL has raised concerns over Slovenia’s recent changes to fuel pricing regulations, warning that the new policy could destabilize the fuel market and compromise supply security. In a public statement, MOL announced it is reviewing its planned investments and business activities in Slovenia, though no specific decisions have been disclosed yet. The […]

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Hungary: MOL advances renewable energy expansion with new solar and battery project in Algyo

Hungarian oil and gas company MOL is advancing the development of a major renewable energy project in Algyo, located in southern Hungary. The initiative involves the construction of a solar power plant with a capacity of 37.4 megawatts, paired with a battery storage system capable of storing 40 megawatt-hours of energy. The project is receiving

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Hungary: New oil well in Somogysamson boosts energy output

A significant breakthrough in Hungary’s energy sector has come from Somogysamson, located in the southwest of the country, where a newly operational oil well is producing 1,400 barrels per day. This discovery marks the first new oil field in the Transdanubian region in nearly a decade and contributes about 1.5% to the MOL Group’s overall

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Hungary: MOL and MVM forge strategic oil partnership to strengthen Central Europe’s energy security

MOL Group and MVM Group have launched a strategic oil trading partnership aimed at expanding and stabilizing energy supply for Central Europe, particularly for landlocked countries like Hungary and Slovakia. The collaboration seeks to increase the volume of non-Russian crude processed in MOL’s refineries by up to 160,000 tons annually, contributing to regional diversification goals.

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Hungary: MOL approves increased dividend payout amid stable financial outlook

At its annual general meeting on 24 April, shareholders of Hungarian oil and gas company MOL approved a total dividend payout of 0.68 euros per share. This includes a base dividend of HUF 165 per share from 2024 profits and an additional special dividend of 0.27 euros per share, bringing the total dividend fund to

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Hungary: MOL proposes total dividend of 0.68 euros per share for 2024

Hungarian oil and gas company MOL has announced that its Board will recommend a total dividend of approximately 0.68 euros per share at the upcoming annual general meeting on April 24. This dividend proposal includes a base dividend of 0.41 euros per share, derived from the company’s 2024 earnings, along with a special dividend of

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Hungary: MOL completes acquisition of O&GD’s gas fields in Bekes County

MOL, Hungary’s leading oil and gas company, has announced the successful acquisition of O&GD’s gas fields near Endrod in southeastern Hungary, including the associated infrastructure. The site spans approximately 1,000 square kilometers and contains 29 active wells, currently producing hydrocarbons with a daily output of about 1,000 barrels. This acquisition is expected to significantly contribute

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