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Hungarians look to invest $200 mln

Hungarian MOL is ready to become a strategic partner in a project to build a gas storage facility in northern Serbia.

MOL’s executive strategy and development vice-president said the Hungarian company was ready to invest $200 million in the Backa Topola facility if offered appropriate conditions and should the project prove to be worth its estimate. MOL is one of the region's largest  oil and gas public companies, with 2005 income of $1.1 billion before taxes. (