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Hungarian MOL to Invest $ 38m in Romanian Exploration

Published: July 3, 2013; 13:23 · (Vindobona)

Hungarian oil and gas company MOL plans to invest $ 38m in the exploration and production of hydrocarbon resources in Western Romania.

Hungarian MOL to Invest $ 38m in Romanian Exploration / Picture: © MOL

The exploration works will be operated by Panfora Oil & Gas, an upstream subsidiary of MOL Group, which is active in Romania.

“The concession agreement signed with the National Agency for Mineral Resources (ANRM) has been ratified by the Romanian Government last December, and Panfora Oil & Gas is the holder of this agreement. The investment budget for 2013 has been…

This article includes a total of 207 words.

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