Refining

The Refining Segment operates five refineries located in Hungary, Slovakia, Croatia and North-Italy, providing a total refining capacity of 23.5 million tons of crude oil distillation per year, or 470,000 bbl/day. Our strategic aim is to further developing all its refineries, increasing the ratio of top quality motor fuel products and exploiting all the opportunities for organic growth on the basis of our excellent downstream knowledge. Our top priorities also include compliance with the latest environmental regulations and major projects aim at improving environmental cleanliness and product quality.

MOL Group is the only refiner of petroleum products in Hungary, Slovakia and Croatia and has a considerable presence in the North Italian market. All businesses are supported by cutting edge supply-chain optimisation.

With its five refineries MOL represents one of the most effective and complex asset base in Europe. The MOL Duna Refinery in Hungary and the Slovnaft Bratislava Refinery in the Slovak Republic are among the most efficient refineries in Europe since years, according to independent analyses. Moreover as a result of significant investments its state-of-the-art Duna and Bratislava Refineries have produced sulphur-free motor fuels (Euro V quality) since 2005, which satisfy the most demanding consumer expectations.





Rerfinery
Capacity
(Mt/yr)
Capacity
(bbl/day)
NCI (x)
Duna 8.1 162 000 10.6
Slovnaft 6.1 122 000 11.5
Mantova 2.6 52 000 8.4
Rijeka 4.5 90 000 5.8
Sisak 2.2 44 000 6.1
Total 23.5 470 000 n.a.

The North-Italian IES Refinery in Mantova is part of the Group since the end of 2007. INA, the sole refiner in Croatia, became fully consolidated as of 1 July 2009. It expanded the Group’s refinery pool significantly adding to a portfolio of refineries including coastal Rijeka and the landlocked Sisak refineries.

The ability of MOL Group's complex refineries to convert cheaper crude blends to high quality, valuable products is key to MOL Group's competitive advantage.

The Duna Refinery has been the only Hungarian MOL refinery to conduct crude distillation since 2001. The Refinery is located in Százhalombatta, close to Budapest. Its crude distillation capacity is 8.1 mtpa and complexity ratio is 10.6 (NCI). The Duna refinery is a complex refinery with deep conversion units, allowing the high yield of motor fuels and other valueable products from heavy and sour crudes.

The Bratislava Refinery operated by Slovnaft is the second largest refinery in MOL Group (6.1 mtpa crude distillation capacity) and one of the most complex units in Europe (11.5 NCI). Deep conversion units of this complex refinery result an outstanding product yield, with more than 80% of white, valueable products.

The Mantova Refinery
operated by IES in North-Italy has 8.4 NCI and 2.6 mtpa nominal crude distillation capacity.  It is a medium complex refinery, focusing on diesel and bitumen production. The Mantova Refinery is designed to process mainly heavy crude oils. A key investment programme for the Mantua Refinery to comply with EU 2009 product quality and environmental (emission) regulations has finished in 2010.

The Rijeka Refinery
operated by INA in Croatia has 4.5 mtpa nominal crude distillation capacity and 5.8 NCI. The refinery is located in Rijeka, next to the Adriatic sea. Production at this refinery is focused on white products, however, the refinery still produce considerable amount of fuel oils. The Phase 1 of Modernisation Program has finished in the middle of 2010. The aim of Phase 1 was to enable the Rijeka Refinery to produce only Euro V quality gasoline and diesel fuels and compliance with the relevant EU environmental standards. Phase 2 will be a residue upgrading project aiming to improve the refinery yield and profitability.

The Sisak Refinery
operated by INA in Croatia has 2.2 mtpa nominal crude distillation capacity and 6.1 NCI. The Sisak Refinery is located close to the domestic oil fields and in the centre of Croatian market. Parallel with the Rijeka modernisation program, there is also an ongoing upgrading project at Siska Refinery, finished in 2010, aimed at achieving similar goals of compliance with EU environmental and product quality standards.

Environment protection-related projects

Coupled with increasing process efficiency, up-to-the-minute environmental protection measures have always been among MOL Group top priorities – both for its processes and its products. The course of development in this area over the last decade has been defined by the need to comply with increasingly stringent EU environmental directives.

MOL Group has long recognized the importance of this need, and has been steadily engaged in major projects – affecting the whole of its asset base – to improve environmental cleanliness and product quality.

The pioneer role in sulphur-free motor fuel production in CEE, the upgrade of the waste-water treatment and incineration system at Duna Refinery or the recent environmental related investments at IES and INA are just examples of developments, which put MOL Group Refining well ahead of the region, stands as an example to oil companies in the EU.