The 350 square-kilometer area has CO reserves equivalent to 25 bln barrels of oil, according to preliminary estimates disclosed by MOL and the exploitation of these reserves could alleviate the decline in domestic (and MOL’s) oil- and gas exploitation.
The company aims to reduce the annual drop in production to below 5%. MOL is currently producing 1.5-1.8 bln cubic meters of gas – about one fifth of Hungary’s annual demand – and 50,000 tons of oil.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
