Hungary MOL sets strategy for 2010-12, aims at USD 4.1 bn EBITDA

MOL has on Monday published its financial and volumetric expectations for 2010-12. It said it already sees signs of a slow recovery, after it was affected by a difficult economic environment in late 2008 and well into 2009, with economic woes coupled with a broader financial crisis. MOL expects slightly increasing...

Hungarian power distributors ÉMÁSZ, ELMŰ select Telvent Technology

Hungarian electricity distributor companies ELMŰ and ÉMÁSZ have selected Nasdaq-listed Telvent Technologies...

Leni Gas & Oil divests Hungarian gas assets

Leni Gas & Oil plc (LGO), has decided to divest its Hungarian assets. As a result of the company's on-going...

EU finalises support budget for energy projects

The European Commission has selected on Thursday 43 major energy projects, which will significantly contribute...

Surgut in talks with Sinocor, PKN to sell stake in Hungary's MOL - paper

Russia’s Surgutneftegaz is in talks with Sinocor of the UK and Poland’s PKN Orlen to sell...

Surgut mulls selling stake in Hungary's MOL to PKN - paper

Russia’s state-owned Surgutneftegaz is contemplating selling its 21% stake in Hungarian fuels group...

Hungary MOL to hike fuel prices sharply this week

Hungarian fuels group MOL will raise the price of gasoline and diesel by HUF 6 per litre each on Wednesday...

Hungary's BudaSolar Technologies signs turnkey PV deal with China

BudaSolar Technologies, a Hungary-based thin film solar cell maker, has signed a deal with China City...

Hungary's MOL, ExxonMobil abandon Falcon in failed gas project

Hungary’s oil and gas group MOL and ExxonMobil have opted out of a joint project with Falcon Oil...

Surgut receives bid for 21% stake in Hungary's MOL - paper

A Russian-British businessman has once already made a bid to Surgutneftegaz to buy its 21% package in...

Hungary's reviews invstments in Danube refinery - exec

Hungarian fuels group MOL is reviewing its investments in its Danube refinery, the head of its downstream...

ANALYST VIEW - UBS keeps 'Sell' rating, TP on Hungary's MOL

UBS has maintained its ‘Sell’ recommendation and HUF 14,000 target price on MOL, after the...

ANALYST VIEW - Netixis cuts target price for Hungary's MOL

While Bank of America/Merrill Lynch has raised its target price today for MOL, Natixis has trimmed back...

ANALYST VIEW - BofA/ML ups target price for Hungary's MOL, keeps 'Buy' rating (2)

(Adds details) Bank of America/Merrill Lynch has sharply raised its target price for Hungary’s...

Hungary MOL sees recovery starting in 2011 - CFO

MOL’s management kept its main assumptions for 2010 largely unchanged, but believes 2011 could...

Hungary MOL Q4 operating profit drops, crude price to take centre stage (2)

(Adds details, charts) Hungarian fuels group MOL has posted weaker-than-expected operating profit in...

MOL posts net profit in Q4 2009, EBIT seen skyrocketing - Portfolio.hu Poll (2)

Hungary’s oil and gas group MOL is set to publish its Q4 2009 earnings figures next Monday. Following...

ANALYST VIEW - Deutsche Bank downgrades Hungary's MOL to ‘Hold', sees no more value in CE3 oil & gas

Deutsche Bank has on Friday downgraded Hungarian fuels group MOL to ‘Hold’ from ‘Buy’...

ANALYST VIEW - Raiffeisen ups target price for Hungary's MOL, keeps rating

Raiffeisen has raised its target price for Hungarian fuels group MOL to HUF 18,355 from HUF 18,191 previously...

Hungary's MOL in talks with Surgut to buy back 21% package (2)

(Updates with MOL, FinMin comment) Hungarian fuels group MOL is in talks with Russian oil firm Surgutneftegaz...

Hungary's MOL seen taking fuels prices higher this week

Portfolio.hu sees Hungarian fuels group MOL increasing likely to hike its fuel prices this week, especially in case of diesel oil. In US dollar terms...

Hungary MOL posts gigantic net profit in Q2, causes little surprise (2)

(Adds details, charts) Hungarian oil and gas group MOL has reported larger-than-expected profits for the second quarter, in which period financial gains...

After failed takeover in Hungary, OMV again up to something? (2)

In contrast with earlier plans for a EUR 750 billion bond issue, Austrian oil company OMV is now gearing up for a EUR 1 billion issue next week. In addition...

ANALYST VIEW - Raiffeisen ups target price for Hungary's MOL, keeps rating

Raiffeisen has raised its target price for Hungarian fuels group MOL to HUF 18,355 from HUF 18,191 previously, while it maintained its ‘Hold’...

ANALYST VIEW - Goldman Sachs hikes target price for Hungary's MOL

Goldman Sachs has on Wednesday raised its target price for Hungary’s MOL to HUF 18,500 from HUF 17,400. Goldman Sachs raised its target price sharply...

Hungary MOL unveils 2010 plans, gets upgrade by Netixis

The Board of Directors of Hungary’s oil and gas group MOL is to hold a meeting in mid-December where it will seek to approve a plan of HUF 357 billion...

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