MOL Group, headquartered in Budapest, Hungary, is an integrated, international oil and gas company with operations spanning over 30 countries. The company's diverse activities include exploration and production, refining, petrochemicals, and retail services. MOL Group operates a network of refineries and petrochemical plants in Central and Eastern Europe, supplying a wide range of oil products and chemicals. The company is committed to sustainability and is actively investing in renewable energy projects and innovative technologies to support the transition towards a low-carbon economy. With a workforce of over 25,000 employees, MOL Group serves millions of customers across its extensive retail network.
MOL discovered oil at 1,250 meters near Somogysámson, Hungary. The well in the Somogysámson oilfield can produce 1,200 barrels per day, following exploration drilling in December last year.
MOL Group and KMG to investigate new growth opportunities in the areas of hydrocarbon exploration and production, technology transfer, crude supply, and petrochemicals.