MOL has concluded a long-term supply agreement with Lukoil

MOL Hungarian Oil and Gas Company hereby announces that on 19 January 2005 it concluded a five-year agreement with Lukoil International Trading and Supply company to supply 5 million tonnes/year crude oil to Hungary and Slovakia. The MOL Group currently also has short-term crude oil supply agreements with Lukoil, this long term agreement was concluded based on the positive experiences between the parties.

LUKOIL is the dominant vertically integrated oil company in Russia. Its activities include oil and gas exploration, production of approximately 90 million tons of crude oil per annum, refining and marketing.