MOL sells stake in Surgut-7 oil field

Deals

Representatives of oil and gas company MOL said it sold its 100% stake in the Surgut-7 oil field in Russia, per an announcement of yesterday. MOL directly sold OOO MOL Western Siberia which owns the exploration license for the Surgut-7 block.

The company disclosed no other details of the transaction.

MOL announced on August 12 that it was in advanced negotiations to sell the Surgut-7 oil field, which is strongly linked to the infrastructure of the Zapadno-Malobalykskoye oil field. On August 12, MOL sold its 50% stake in Russneft, the company that operates the Zapadno-Malobalykskoye field, to two Russian firms.

– Written by Gábor Pákozdi

 

ADVERTISEMENT

Growth plans and inflation uncertainty in European companies Analysis

Growth plans and inflation uncertainty in European companies

Lawmakers postpone expanded data provision for tourism secto... Parliament

Lawmakers postpone expanded data provision for tourism secto...

MNB and Budapest Institute of Banking executive director Ger... Podcasts

MNB and Budapest Institute of Banking executive director Ger...

FINA head thanks Hungary for hosting 2022 worlds City

FINA head thanks Hungary for hosting 2022 worlds

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 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.