MOL to start production near Monor
Hungarian oil company, MOL Nyrt's management decided recently to add a new production field in the vicinity of Monor and Gomba, near Budapest.
MOL Nyrt will invest Ft 6 billion ($32 million) into the new unit, and also has plans for upgrading its oil field near Nagykanizsa, South-West Hungary, for Ft 2 billion. Some of MOL's old production areas are running too low on crude oil to allow profitable production, thus MOL will spend over Ft 10 billion ($54 million) this year on seeking new oil fields. The new Monor-Gomba field, which was discovered in 2003, has a capacity of more than one million tons of cruide oil. (Gazdasági Rádió, Magyar Hirlap)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.