BAKU, Azerbaijan, Feb.20. Hungarian MOL Group has lowered oil production from 56,600 barrels of oil equivalent per day (boe/d) in 2021 to 40,000 boe/d in 2022, Trend reports with reference to the company.
As such, the company’s oil production dropped by 29.3 percent year-on-year.
The company produced 38,800 boe/d in Q4 2022, versus 53,900 boe/d in the same period in 2021, showing a 28 percent decrease.
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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