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Govt takes firm stand behind MOL amid INA tensions

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Hungary's government considers questions related to MOL "matters of extraordinary importance" and believes the oil and gas company must preserve its contractual rights, the Government Spokesman's Office said in a statement on Wednesday.

"The government takes the firm stand that MOL must preserve all rights - for example management rights - originating from its contracts," the statement said.

The statement was issued amid reports of tension between the Hungarian and Croatian members of MOL's Croatian unit INA.

MOL holds a little less than 50% of INA, slightly more than the stake held by the Croatian government.

At a conference on Tuesday, Prime Minister Viktor Orbán said MOL continued to be treated in an undignified manner in Croatia and warned of the potential political impact of such a business dispute.

The state of Hungary holds 24.6% of MOL.

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