MOL extends Balkan retail arm following positive Q3
Hungarian company reports clean third-quarter, current cost of supplies profit before tax, interest, depreciation and amortisation of forints 198.7bn
The downstream business remains the key contributor, given the low oil price. This is an area MOL has been expanding in. In forints, CCS Ebitda downstream was 80% up on the same quarter of 2014 while upstream was down 33%. With profits (Ebitda) above $1.9bn already delivered in the first nine months, the company is “more than confident” of reaching its target of $2.2bn this year, it says. The strong downstream performance explains its purchases in recent weeks of Eni’s retail businesses in Hungary and Slovenia as outlets for its refineries’ products. No financial terms were revealed. The former deal announced 21 October brought with it 183 Agip-branded service stations, including dealer-owne
Also in this section
18 February 2026
The global gas industry is no longer on the backfoot, hesitantly justifying the value of its product, but has greater confidence in gas remaining a core part of the global energy mix for decades
18 February 2026
With marketable supply unlikely to grow significantly and limited scope for pipeline imports, Brazil is expected to continue relying on LNG to cover supply shortfalls, Ieda Gomes, senior adviser of Brazilian thinktank FGV Energia,
tells Petroleum Economist
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
17 February 2026
Siemens Energy has been active in the Kingdom for nearly a century, evolving over that time from a project-based foreign supplier to a locally operating multi-national company with its own domestic supply chain and workforce
