BAKU, Azerbaijan, February 23. Hungarian MOL Group has produced 38,300 barrels of oil equivalent per day (boe/d) of crude oil in the fourth quarter of 2023, as compared to 38,800 boe/d in the same period in 2022, Trend reports with reference to the company.
As such, the company’s oil production dropped by 1.3 percent year-on-year.
The volume of oil production in 4Q stood at 9,800 boe/d in Hungary, 9,400 boe/d in Croatia, 2,600 boe/d in Kurdistan Region of Iraq, 600 boe/d in Pakistan, 14,100 boe/d in Azerbaijan and 1,800 boe/d in other international projects.
The company’s condensate production amounted to 4,700 boe/d, including 2,900 boe/d in Hungary, 800 boe/d in Croatia and 1,000 boe/d in Pakistan.
Overall, the company’s crude oil production stood at 38,100 boe/d in FY 2023, as compared to 40,000 boe/d in FY 2022, showing a 4.75 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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