| Mol Group at a glance |
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MOL is a leading integrated oil and gas group in Central and Eastern Europe with extended international upstream portfolio. We are market leaders in each of our core activities in Hungary, Slovakia and Croatia.
Our market capitalisation was around USD 9.4 bn at the end of 2009. Our shares are listed on Budapest, Luxembourg and Warsaw Stock Exchanges and the DRs traded on London’s International Order Book and on OTC in the US.
Our main objective is to provide sustainable growth exploiting potential in our captive and new markets.
Our core activities in a snapshot
The Exploration and Production segment has oil and gas exploration activities in 15 countries and producing assets in seven countries with 665.1 MMboe SPE 2P reserves (as of 31 December 2009). Hydrocarbon production amounted to 142.5 Mboe/day in Q4 2009. We have recorded several discoveries in Hungary, Russia, Pakistan, Syria, the Kurdistan Region of Iraq, Egypt and Kazakhstan in recent years.
The Refining and Marketing segment operates five refineries in the CEE region under joint supply-chain optimisation with 23.5 mtpa capacity on adjacent markets. Crude supply and product distribution are supported by an extensive pipeline and depot network. Retail Services Division operates a modern filling station network, providing captive channels for the refineries within their supply radius.
The Petrochemical segment is a leading polyolefin player in CEE and one of the top ten polyolefin market players in Europe. Production facilities are integrated with MOL refineries and supports the Downstream segment as captive market. Plants are located in Tiszaújváros (TVK Plc.) and Bratislava (Slovnaft Petrochemicals, s.r.o.).
Natural Gas Transmission: FGSZ Ltd. is the exclusive holder of the natural gas transmission licence and the transmission system operator licence in Hungary. The company owns and maintains full operational control of the total domestic high-pressure pipeline system. In addition to domestic natural gas transmission operations, FGSZ also transmits natural gas to Serbia and Bosnia and Herzegovina.
The Gas and Power segment consists of the Power and Heat Generation and the Supply and Trading Division. The activities of the division enable MOL to take full advantage of the synergies between the supply and trading of crude oil, gas, power, CO2 and other commodities. Our Group is again an active participant in the gas storage business via MMBF Ltd. with the completion of 1.2 bcm strategic storage. MOL is analysing the opportunity to create an attractive power portfolio.
The EBITDA (excluding special items) contribution of the various segments in 2009 was: Exploration and Production 52%, Refining and Marketing 28%, Gas and Power 19% and Petrochemicals 1%.
