BAKU, Azerbaijan, Feb.22
By Leman Zeynalova – Trend:
Hungarian MOL Group has increased crude oil production from 47,800 barrels of oil equivalent per day (boe/d) in the financial year (FY) 2019 to 61,700 boe/d in FY 2020, Trend reports with reference to the company.
The Group produced 48,100 boe/d in Q1, 60,100 boe/d in Q2, 70,800 boe/d in Q3 and 67,600 boe/d in Q4.
The volume of production in Hungary in FY 2020 stood at 9,400 boe/d, in Croatia 10,800 boe/d, in Kurdistan region of Iraq 3,700 boe/d, in UK 16,900 boe/d, in Pakistan 700 boe/d, in Azerbaijan 17,800 boe/d, other international 2,400 boe/d.
MOL Group is a leading integrated Central & East European oil and gas corporation headquartered in Budapest, Hungary. It has operations in over 30 countries and employs 26,000 people worldwide. MOL’s exploration and production activities are supported by 80 years’ experience in the hydrocarbon field.
The Company’s share capital amounts to HUF 102,428,682,578 represented by 819,424,824 pieces registered ordinary shares of the series “A” with a par value of HUF 125 and 578 pieces registered ordinary shares of the series “C” with a par value of HUF 1,001 and one piece registered voting preference share of the series “B” with a par value of HUF 1,000 that entitles the holder thereof to preferential rights as specified in the present Articles of Association. The "B" series share is owned by the Hungarian government.
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