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MOL Group Affirmed It’s Growth Strategy in Russia

During the five-day-long World Petroleum Congress in Moscow, with the participation of 65 OPEC and non-OPEC countries, covering 95 percent of the world oil and gas industry, MOL Group’s Chief Executive Officer József Molnár spoke to a packed auditorium and delivered a keynote speech on the subject of „Sustainable financing of the Industry“. He explained how MOL Group has financed its recent expansion and adapted new strategy in this challenging business environment. During the conference CEO Molnár emphasized, that MOL looks for further investments in Russia, because the Russian upstream market is a great place to invest and MOL is actively looking for new opportunities to meet the planned growth targets.

MOL Group is an integrated, independent, international oil and gas company, headquartered in Budapest, Hungary. It has operations in over 40 countries and employs around 29,000 people worldwide.

The Annual Report 2013 of MOL Group ranks seventh on an international scoring list. Since its foundation in 2007 the Corporate Register Reporting Award (CRRA) is the only annual global online reporting award which recognises companies that are outstanding in their non-finance reports. This year MOL Group achieved an impressive result in the category of the The Best Integrated Report.