INA fuel stations to be opened by MOL in Hungary

INA branded fuel stations will be opened by MOL in Hungary in Zalakomár. The two fuel stations which are going to be built on M7 highway at 193 km are expected to be opened in January 2009.

“MOL has been in a strategic partnership with INA since 2003  and this partnership has obviously  gone through a dynamic development during the past years. This gesture is another step in strengthening our strategic partnership and we are proud to open the opportunity for fueling up at an INA branded petrol station in Hungary as well. I am very happy that we can present such a valuable brand like INA to our Hungarian customers“- explained Mr. László Geszti, Retail Senior Vice President of MOL Group.

“The strategic partnership between INA and MOL has brought benefits to both companies during the past 5 years, from joint exploration business to joint venture in M&A. Now, by building INA filling stations in Hungary, the partnership strengthened even more at retail business level as well. We appreciate the opportunity opened for INA brand to be better known in Hungary and therefore better recognized by potential customers that travel to Croatia”, stated Niko Paulinović, member of INA board and Executive Director of Retail Services Division.

INA and MOL have already strengthened its partnership by mutual acceptance of their fuel cards since 2005.

Note

MOL Plc is a leading independent, international and integrated oil and gas company in Central-Eastern Europe, headquartered in Budapest. MOL Group has a market capitalization of over USD 14.5 bn as of 30 June 2008, has operations in Europe, Middle East, Africa and the CIS member states and it employs over 15.000 people worldwide. MOL also owns 3 highly complex refineries in Hungary, Slovakia and Italy and according to Wood Mackenzie global survey MOL’s refineries in Hungary and in Slovakia are the most efficient refineries in Europe. MOL operates over 1000 filling stations in Central and South Eastern Europe. At the end of 2007 MOL had 340.6 million boe P1+P2 hydrocarbon reserves (according to SPE guidelines) and 90.4 thousand boe/day hydrocarbon production. MOL Group also operates over 5,000 km high pressure natural gas pipeline network in Hungary and is involved in the petrochemical business as well.

INA d. d. is a European integrated oil and gas company with a leading role in Croatia and a significant role in the South East Europe and the Adriatic region, headquartered in Zagreb. INA has a market capitalization of over USD 5.5 bn as of 30 June 2008.  Beyond having a key role in Croatia INA’s exploration and production activities are underway in Angola, Egypt and Syria. At the end of 2007 INA had 375.1 million boe P1+P2 hydrocarbon reserves and 65.3 thousand boe/day hydrocarbon production during 2007. Crosco, a company in INA's full ownership, offers oil field services in Libya, United Arab Emirates, Qatar, Syria and other countries in Africa and the Middle East. INA owns Croatia’s two refineries (in Rijeka and Sisak) with a total throughput capacity of 6.7 mtpa and operates a network of 435 filling stations in the country and other 49 in other South East European countries. The Republic of Croatia owns 44,84% of INA shares.