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Mol

MOL Group Acquires 208 Filling Stations in Three CEE Countries

MOL Group’s retail network grows to almost 2,000 service stations across 11 countries. The Group’s market presence expands significantly in the Czech Republic, Slovakia and Romania. Retail network expansion further strengthens MOL Group’s role in CEE.

May 9, 2014

MOL: Oil Supply to Hungary not Endangered

According to Hungarian oil and gas enterprise MOL, the supply to Hungary is not endangered by the delivery stop of Russian oild products passing through Ukraine.

May 9, 2014

Solution to Croatian/Hungarian Mol Issue Expected Soon

The Croatian justice has issued an international arrest warrant for the head of Hungarian oil company Mol.

October 15, 2013

Hungary and Croatia to Solve MOL/INA Issue

Both Hungarian Minister of Foreign Affairs Janos Martonyi and his Croatian counterpart Vesna Pusic intend to solve the issue between Hungarian MOL and Croatian INA.

October 9, 2013

Hungary Rejects Extradiction of Head of Mol

A Hungarian court rejected the extradiction of Zsolt Hernadi, who is alleged of having bribed former Croatian Prime Minister Ivo Sanander.

October 7, 2013

Hungarian MOL May Withdraw from Croatia

The Hungarian government considers selling MOL´s Croatian peer INA.

October 4, 2013

Further Nationalizations in Hungary?

In order to acquire further foreign-owned bank and energy companies, Hungary issues new sovereign bonds.

September 23, 2013

Russia to Reduce Oil Export

Russia produces more oil which is increasingly used in the country itself. Refineries outside of Russia do not fear immediate bottlenecks in the supply of oil.

July 11, 2013

Dispute about Ina in Hungary and Croatia Escalates

The Croatian prosecution is once more investigating due to bribe payment to former Prime Minister Sanader. Head of Mol, Hernadi, is faced with a possible detention order.

July 11, 2013

Hungarian MOL to Invest $ 38m in Romanian Exploration

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

July 3, 2013

Croatia‘s and Hungary‘s Fight About Oil Company Ina

The dispute between core shareholders of Croatian oil producer Ina has started anew.

May 17, 2013

Nabucco: Decision Will Be Announced by Mid-2013

The Shah Deniz II consortium will announce its decision on the pipeline project in June, Nabucco´s CEO Reinhard Mitschek says.

January 21, 2013

New Hope for Nabucco

The gas pipeline project is said to get a new major shareholder. In case of the entry of the Shah Deniz II consortium, Nabucco´s utilization would be secured.

December 22, 2012

RWE Leaves Nabucco

The German energy group sells its shares to Austrian OMV.

December 3, 2012

MOL Announces Massive Investments in Hungary

The Hungarian oil group plans to make investments of € 1.1bn in the next three years.

September 25, 2012

INA Underlines Interest in OMV´s Petrol Stations

The Croatian oil group wants to take over the petrol station business of Austrian OMV in Croatia and Bosnia.

September 12, 2012

Takeover of OMV´s Petrol Stations: INA Faces Legal Restrictions

The Austrian OMV Group plans to withdraw from Croatia and Bosnia. The Croatian subsidiary of MOL is interest in OMV´s petrol stations, but may face legal restrictions from a competition law point of view.

September 7, 2012

Croatian INA Submits Offer to OMV

Austrian OMV sells its petrol station business in Croatia and Bosnia. The Croatian subsidiary of Hungarian MOL has submitted a binding offer.

September 5, 2012

New Hope for Nabucco West

The Aseri Minister of Energy Natik Aliyev thinks that Nabucco West would be better than the rival project TAP.

July 27, 2012

Czech Republic: OMV Withdraws, MOL Expands

The Hungarian oil and gas group purchased 124 petrol stations in the Czech Republic. The Austrian OMV continues its downsizing strategy.

July 4, 2012

„Nabucco Will Die A Hundred Times“

OMV´s CEO Gerhard Roiss promotes the new „Nabucco West“ project and underlines the high probability of success.

June 14, 2012

BP: „Nabucco is Dead“

British Petroleum pronounces the initial Nabucco project dead. RWE supports the new version “Nabucco West”.

May 25, 2012

“Nabucco West” Submits Proposal

The proposal for the downsized “Nabucco West” Scenario was submitted to Shah Deniz II Consortium.

May 18, 2012

Another Setback for Nabucco

The German RWE considers leaving the natural gas pipeline consortium. Also the Hungarian MOL will exit.

May 16, 2012

Nabucco: Azerbaijan´s Nassirov Optimistic

Elshad Nassivor, Vice CEO of the Azerbaijani oil and gas group Socar is optimistic to create a connection with Austria´s gas hub in Baumgarten.

May 5, 2012

OMV: „Nabucco is More Alive than Ever”

Despite the exit of Hungarian MOL, the Austrian oil company underlines the importance of Nabucco. CEO Roiss holds on Nabucco.

April 28, 2012

OMV Plans Downsizing of Nabucco

The Austrian oil and gas group works on a downsized version of the natural gas pipeline project. The original version would become too expensive, analysts say.

April 25, 2012

Hungary is Optimistic to Reach Agreement with IMF

The Hungarian ambassador in Vienna, Vince Szalay-Bobrovniczky is convinced to solve the current financial crisis soon. Hungary aims for re-gaining trust of investors.

February 25, 2012

Hungarian MOL and Austrian RAG Cooperate for Exploration and Production in Hungary

Hungarian MOL (Magyar Olaj- és Gázipari Nyrt.) and Austrian RAG (Rohöl-Aufsuchungs Aktiengesellschaft) have signed agreements to perform activities in the exploration and development of the Inke license south of lake Balaton in Hungary, released MOL.

October 24, 2011

Ruttenstorfer Acquitted

The trial against Ruttenstorfer, CEO of the Austrian oil company OMV took place yesterday. Ruttenstorfer had been charged for insider trading.

January 28, 2011

Ruttenstorfer Fine Confirmed

The fine imposed to the CEO of Austrian OMV, Wolfgang Ruttenstorfer, for market manipulation, remains standing.

January 22, 2011

New Charges against Ruttenstorfer

The chairman of Austria's OMV is accused of market manipulation because of an interview.

January 14, 2011

OMV Gas Project is Delayed

Austria's OMV is involved in a joint venture for a liquid gas project in Croatia. Delays are expected.

December 23, 2010

Suspicion of Insider trading: Ruttenstorfer receives support

After the Vienna Public Prosecution's charges against OMV's CEO Ruttenstorfer, the latter now receives support. It is being said that he has merely been "clumsy".

November 18, 2010

OMV boss with possible prosecution

OMV CEO Wolfgang Ruttenstorfer maybe confronted with prosecution in the current proceedings against him as reported by Presse.

August 20, 2010
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