Upstream chief leaves MOL

Deals

Hungarian oil and gas company MOL on Monday said the head of its exploration and production business, Alexander Dodds, was leaving his position "for personal reasons" effective immediately, Hungarian news agency MTI reported yesterday. 

"MOL Group would like to acknowledge Doddsʼ contribution to the group during the past two years, wishing him all the best in the future," MOL said in a statement on the website of the Budapest Stock Exchange.

MOL said Berislav Gaso had been nominated to manage the exploration and production business in his current capacity as chief operating officer.

MOL announced earlier in September that it would make a big write-down on a block it operates in the Kurdistan Region of Iraq, after "significantly reducing" the geological potential of the license.

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