BAKU, Azerbaijan, Nov.15. Hungarian MOL Group has lowered oil production from 42,500 barrels of oil equivalent per day (boe/d) in the third quarter of 2021 to 38,500 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.
The company’s oil production showed a 4.9 percent decrease quarter-on-quarter from 40,500 boe/d in Q2.
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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