Mol, Romgaz in talks over joint exploration project in Hungary

Energy Trade

Mol has been seeking foreign partners to jointly explore gas and oil fields in Hungary to boost its domestic output.

Mol Nyrt, Hungary's largest oil company, said it is in talks with Romania's state-owned natural gas producer Romgaz SA to start a joint gas or oil exploration project in Hungary as it seeks to share costs and risks. „Talks to this point have been very constructive” Mol spokesman Denis Mohorovic wrote in an e-mail yesterday, without saying where exploration would take place. Budapest-based Mol has been seeking foreign partners to jointly explore gas and oil fields in Hungary to boost its domestic output. The Hungarian company said September 14 it will work together with Croatia's Ina Industrija Nafte d.d. to jointly develop a gas field stretching over the two countries' border. Mol also signed an agreement with US-Hungarian venture Magyar Horizont Energia Kft to jointly explore a gas field in Komádi-Vésztő, eastern Hungary, Mol said August 28. (Bloomberg)

ADVERTISEMENT

The New Age of Commerce is Approaching Analysis

The New Age of Commerce is Approaching

Horthy Statue to be Unveiled in Parliament Parliament

Horthy Statue to be Unveiled in Parliament

Blue Chip Art and Passion Assets - Claudia Worthington Hess ... Podcasts

Blue Chip Art and Passion Assets - Claudia Worthington Hess ...

Magyar Posta to Close 35 Post Offices in Capital City

Magyar Posta to Close 35 Post Offices in Capital

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.