Who we are

Name: MOL Hungarian Oil and Gas Company
Legal form: Plc
Headquarter: Hungary, Budapest, Október huszonharmadika u. 18, H-1117
Owners: see our shareholder structrure

Key figures (2010):
Net sales revenue: 4,298.7 bn HUF (20,657 mn USD)
Market capitalization: 10 bn USD
Number of employees: 32,601 (as total workforce on December 31, 2010., including INA employees)
Number of filling stations: 1,623
Gross crude oil reserves (MM bbl): 271.0
Total refinery throughput (kt): 21,834
Gross natural gas reserves (MM boe): 347.8
Total crude oil product sales (kt): 20,940
Total petrochemical product (olefin and polymer) sales (kt): 1,415

 

Briefly about our main activities based on 2010 year report:

The Exploration and Production segment has diverse portfolio with oil and gas exploration activities in 13 countries and producing assets in 7 countries.  MOL Group’s SPE 2P reserves reached  619 MMboe (as of 31 December 2010), while hydrocarbon production amounted to 143.5 Mboe/day in 2010. MOL Group has more than seven decades of oil and gas industry experience in the CEE region and a 20+ year international presence. 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 5 refineries in the CEE region under continuously developing supply chain management with 23 Mtpa capacity on adjacent markets. Efficient raw materials supply and product distribution are ensured by an extensive pipeline system and increased depot network. Retail Services Division operates a modern filling station network, providing captive channels for the refineries within their supply radius.

The Petrochemicals segment is the leading polyolefin player in CEE and one of the top ten polyolefin market players in Europe. Petrochemicals 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 and system operator licences in Hungary. The company owns and maintains full operational control of the total domestic high-pressure pipeline system. FGSZ also transmits natural gas to Serbia and Bosnia-Herzegovina, and exports to both Romania and Croatia.

The activities of the Gas and Power division enables MOL to take full advantage of the synergies among the supply and trading of crude oil, gas, power, CO₂ and other. Our Group is an active participant in the gas storage business again, as the gas storage facility of MMBF Ltd. has finished the first year of its successful operation in 2010. MOL is analysing the opportunity to create a diversified generation portfolio.

The EBITDA (excluding special items) contribution of the various segments in 2010 was: Exploration and Production 58%, Refining and Marketing 26%, Petrochemicals 3% and Gas and Power 13%.

In recognition of its long-term economic, social and environmental performance, MOL has been listed in the Dow Jones Sustainability World Index since 2010.

Find our more about our business operations here.