BAKU, Azerbaijan, May 17. Hungarian MOL Group has produced 38,000 barrels of oil equivalent per day (boe/d) of crude oil in the first quarter of 2024, as compared to 42,000 boe/d in the same period in 2023, Trend reports with reference to the company.
As such, the company’s oil production dropped by 9.5 percent year-on-year.
The volume of oil production in 1Q stood at 10,200 boe/d in Hungary, 9,300 boe/d in Croatia, 3,500 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 4,400 boe/d, including 2,700 boe/d in Hungary, 700 boe/d in Croatia and 1,000 boe/d in Pakistan.
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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