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Home Slovenia

Hungary’s Mol Sees Strong Cash Flow After Russian Oil Deal

November 9, 2024
in Slovenia
Hungary’s Mol Sees Strong Cash Flow After Russian Oil Deal
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Hungarian energy company Mol Nyrt. expects positive cash flow even in a tough environment for European refiners, after adjusting a deal for Russian crude via pipeline through Ukraine.

The company, set to report earnings on Friday, benefits from an integrated refining, logistics and retail model that it will now seek to expand toward southeastern Europe, following acquisitions in Slovenia and Poland, Gyorgy Bacsa, Mol’s Hungary chief operating officer and board member, said in an interview. The Russian supplies are an important part of the equation while Mol strives to diversify its sources of crude.

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Publish date : 2024-11-07 07:09:00

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