Mol prioritises petchems
CEE’s leading integrated oil and gas firm is putting petrochemicals at the centre of its near-term growth strategy
Progressing its refinery upgrade programme, investing in value chain extensions and diversifying into petrochemical products are at the core of Mol’s strategy for the near future, Ferenc Horvath, executive vice president for downstream, tells Petroleum Economist. The Hungarian integrated oil company is also mindful of a challenging macro environment for refiners and stricter decarbonisation objectives throughout the industry as it builds on its long-term strategy. “In 2011-12 we decided to focus on our internal performance in order to be more resilient towards the external macro environment,” he explains. “We will strengthen our petchems business, and an increasing share of our downstr
Also in this section
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
21 April 2026
As the global energy system undergoes a fundamental realignment, Algihaz Holdings has established itself as a critical player bridging conventional energy markets and the next generation of renewable infrastructure.
21 April 2026
The 25th WPC Energy Congress is taking place from 11-15 October 2026 at the Riyadh Front Exhibition & Conference Center.
