BAKU, Azerbaijan, May 16. Hungarian MOL Group has lowered oil production from 46,600 barrels of oil equivalent per day (boe/d) in the first quarter of 2021 to 42,200 boe/d in the same period in 2022, Trend reports with reference to the company.
As such, the company’s oil production dropped by 9.4 percent year-on-year.
However, the company’s oil production showed a minor 0.47 percent increase quarter-on-quarter, as in Q4 2021 it produced 42,000 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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