BAKU, Azerbaijan, November 14. Hungarian MOL Group has produced 36,400 barrels of oil equivalent per day (boe/d) of crude oil in the third quarter of 2023, as compared 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 5.5 percent year-on-year.
The volume of oil production in 3Q stood at 10,200 boe/d in Hungary, 9,600 boe/d in Croatia, 1,500 boe/d in Kurdistan Region of Iraq, 600 boe/d in Pakistan, 12,800 boe/d in Azerbaijan and 1,700 boe/d in other international projects.
The company’s condensate production amounted to 4,100 boe/d, including 2,400 boe/d in Hungary, 700 boe/d in Croatia and 1,000 boe/d in Pakistan.
Overall, the company’s crude oil production stood at 114,100 boe/d in the first nine months of 2023, as compared to 121,200 boe/d in the same period in 2022, showing a 5.9 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.
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