BAKU, Azerbaijan, Feb.18
By Leman Zeynalova – Trend:
Hungarian MOL Group has lowered natural gas production from 44,000 barrels of oil equivalent per day (boe/d) in the fiscal year of 2020 to 39,600 boe/d in the fiscal year of 2021, Trend reports with reference to the company.
As such, the company’s natural gas production dropped by 10 percent year-on-year.
The company’s natural gas production in Q4 2021 was equal to 38,400 boe/d, as compared to 38,700 boe/d in Q3 2021, showing a 0.77 percent decrease.
The volume of production in Hungary in 2021 stood at 20,400 boe/d, in Croatia 13,500 boe/d, Croatian offshore 3,200 boe/d, in UK 600 boe/d and in Pakistan 5,100 boe/d.
The company’s condensate production amounted to 4,900 boe/d in 2021, including 2,700 boe/d in Hungary, 1000 boe/d in Croatia and 1,200 boe/d in Pakistan.
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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