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MOL finds gas in Pakistan

Hungarian oil and gas company MOL Rt, Pakistan's Oil & Gas Development Co. and two other partners found deposits of natural gas in Pakistan's North West Frontier province, MOL announced.

 “The results are promising, but we don't have data on the exact size of the deposit yet,” MOL spokesman Denis Mohorovic said. He said the company may have detailed data on the natural gas deposit within three weeks. Budapest-based MOL is shifting focus toward crude oil and natural gas production after spending more than $1 billion in five years buying filling stations and refineries in eastern Europe. The company has been exploring natural gas in Pakistan since 1998 and found deposits in 2002 and 2005.