Future Challenges

Based on widescale and deep analysis of changing business environment, present positions and internal capabilities, during 2009, MOL intends to elaborate options for future portfolio development. While managing crisis, MOL also intends to prepare itself for long term sustainability. Options would include growth of selected existing businesses by expanding geographical boundaries of activities, as well as starting new activities, in line with global market and development trends, based on synergies.

Future Portfolio Steering - 2010

During the recession year of 2009, MOL achieved its key targets: it ensured operability and financial stability and maintained its market position. In 2010 a gradual improvement in the business environment is expected; however, MOL finds it important to take a cautious approach to capital expenditure and costs. During this year a strategic review will be finalised and the directions and objectives of the new strategy will be set, providing a balanced portfolio and long term growth for the Group.

Future Energy

Renewable energies play an important role, not only in the fight against climate change but also in ensuring the security of energy supply across the region. MOL is focusing on those areas which are closest to its core activities: production of geothermal energy and biofuels.