Energy

Slovnaft, a Slovak refinery controlled by Hungary’s MOL Group, plans to implement three large investment projects in Bratislava refinery in next 42 months with total value more then 300 million euros.... 

Slovakian energy company Slovnaft, a member of Hungary’s MOL Group, is aiming to obtain a 23-25% market share in the Czech retail segment, CEO Oszkár Világi told daily E15 on Tuesday. Asked whether... 

Gulf Keystone Petroleum Ltd., an oil and gas explorer focusing on Iraq’s Kurdistan region, plans to exit a project with Hungarian fuels MOL to concentrate on three other fields in the area. Gulf... 

Raiffeisen has lowered its target price for Hungarian fuels group MOL by 20% to HUF 23,150, but even this implies an upside potential of 58%. The cut comes after MOL’s share price has fallen 43%... 

Hungarian fuels group MOL and Slovak unit Slovnaft will invest around 80 million euros boosting the capacity of the Adria oil pipeline between Hungary and Slovakia, Reuters cited Slovnaft as saying on... 

Hungarian oil and gas group MOL has been included into the Dow Jones Sustainability Index, based on the evaluation of the leading company specialized in global corporate sustainability analysis, the Sustainable... 

Hungarian oil and gas group MOL and CEZ, the largest utility of the Czech Republic, have started preparations for the construction of a joint power plant in Hungary, local business daily Világgazdaság... 

Croatia’s market regulator Hanfa may indefinitely block trading of shares in national energy company INA, a subsidiary of Hungarian oil and gas group MOL, local news portal Business.Hr reported... 

The Council of the European Union imposed a ban on the import of Syrian oil to the EU last Friday, but INA, the Croatian interest of Hungarian fuels group MOL, said on Tuesday that the sanctions “should... 

Hungarian energy group MOL is to hike the wholesale list price of gasoline and diesel by HUF 7 and HUF 5 per litre, respectively on Wednesday, Portfolio.hu has learned on Monday. The price rise is primarily... 

ING has on Thursday slashed its target price for Hungarian fuels group MOL to HUF 18,000 from HUF 28,000 previously and downgraded the stock to ‘Hold’ from ‘Buy’ over worsened macro... 

Hungary’s Prime Minister Viktor Orbán would not like the recently purchased MOL package to serve as a lifebelt in case of a crisis, local daily Népszabadság learned on Friday. “We did not... 

(Adds details, charts) The second-quarter operating profit of Hungarian fuels group MOL came in somewhat below the market’s call, while its net profit overshot expectations substantially, the company’s... 

The Croatian government has revoked exploration licences of its national oil and gas group INA Industrija Nafte in three sites in the northwest of the country. The move causes INA, controlled by Hungarian... 

Slovakia’s Anti-Monopoly Office upheld a EUR 9 million fine for Slovnaft, the Slovakain unit of Hungarian oil and gas group MOL, for price discrimination. The antitrust regulator rejected an appeal... 

Hungary may sell part of its 21.2% stake in national fuels group MOL at the right price if it comes to the country’s safe financing, said Mihály Varga, state secretary of the Prime Minister's Office.... 

EcoSolifer AG, a Hungarian-owned and Switzerland-based photovoltaic module maker, is to start a cc. EUR 50 million investment project in Csorna, northwest Hungary. In the new plant, which will create 160... 

German energy giant E.ON has announced on Tuesday that it is launching projects across northern Germany to feed biogas into the natural gas networks. By the end of this year, E.ON Hanse plans to inject... 

GDF Suez has inaugurated a cutting edge 405 megawatt combine cycle gas turbine (CCGT) power plant on the Dunamenti site, in Százhalombatta, Hungary. Dunamenti Erőmű Zrt, the operator of the country’s... 

Hungarian oil and gas group MOL published an open letter in the form of paid advertisement in the Croatian press, in response to a series of attacks it was subject to over Croatian’s energy company...