BAKU, Azerbaijan, May 16. Hungarian MOL Group has lowered natural gas production from 40,900 barrels of oil equivalent per day (boe/d) in the first quarter of 2021 to 37,400 boe/d in the same period in 2022, Trend reports with reference to the company.
As such, the company’s natural gas production dropped by 8.56 percent year-on-year.
The company’s natural gas production dropped by 1.32 percent quarter-on-quarter, as in Q4 2021 it produced 37,900 boe/d.
The volume of gas production in Hungary in Q1 2022 stood at 19,900 boe/d, in Croatia 12,700 boe/d, Croatian offshore 3,100 boe/d and in Pakistan 4,800 boe/d.
The company’s condensate production amounted to 4,800 boe/d in Q1 2022, including 2,800 boe/d in Hungary, 900 boe/d in Croatia and 1,100 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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