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.
Source link : http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=672fa6c3f7764c2bbb060cfc4d58dbc4&url=https%3A%2F%2Fwww.bloomberg.com%2Fnews%2Farticles%2F2024-11-07%2Fhungary-refiner-mol-sees-strong-cash-flow-after-russian-oil-deal&c=14771238764331649297&mkt=de-de
Author :
Publish date : 2024-11-07 07:09:00
Copyright for syndicated content belongs to the linked Source.
