BAKU, Azerbaijan, Feb.18
By Leman Zeynalova – Trend:
Hungarian MOL Group has lowered oil production from 61,700 barrels of oil equivalent per day (boe/d) in the fiscal year of 2020 to 56,600 boe/d in the fiscal year of 2021, showing an increase of 9.01 percent, Trend reports with reference to the company.
The company’s oil production in Q4 2021 was equal to 53,900 boe/d, as compared to 55,100 boe/d, dropping by 2.17 percent.
The volume of oil production in Hungary in the fiscal year of 2021 stood at 9,300 boe/d, in Croatia 10,400 boe/d, in Kurdistan region of Iraq 4,400 boe/d, in UK 12,600 boe/d, in Pakistan 600 boe/d, in Azerbaijan 17,000 boe/d, other international 2,300 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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