Tag: Mol

MOL will not distribute dividend for 2019 – Hungary, 01 May 2020

The Board of Hungarian oil and gas company MOL has decided to put all of last year’s profit into retained earnings, therefore no dividend will be paid for 2019. The Board was empowered to make the decision by a government decree allowing the boards of listed companies to approve annual general me Full article available […]

MOL completed the acquisition of stake in Azeri oil field and BTC pipeline – Hungary, 17 April 2020

Hungarian oil and gas company MOL said that it closed the acquisition of a 9.57 % stake in the Azeri-Chirag-Gunashli (ACG) oil field in the Caspian Sea, one of the largest offshore oil fields in the world, and an 8.9 % stake in the BTC oil pipeline that transports crude oil to a port on […]

MOL withdrew its 2020 EBITDA guidance – Hungary, 08 April 2020

Hungarian oil and gas company MOL said that it is withdrawing its guidance for 2020 EBITDA because of uncertainty related to the coronavirus pandemic, the extreme volatility of the external environment and the unpredictability of volumes development across its businesses. MOL said that 2020 CAPEX Full article available for subscribers of Energy NEWS service (PDF […]