16 September 2016
Downstream Company of the Year, 2016: MOL Group
Following completion of MOL’s New Downstream Programme in 2014, the company identified that the downstream business still faced low profitability and high “stay in business” costs. In a climate of growing competition, stagnating demand and significant overcapacity, the business embarked upon a strategy to improve profitability and competitiveness, launching the Next Downstream Programme 2015-2017 (NxDSP). The NxDSP is built around three key pillars: the handling of assets, strengthening market position, and personal development. By maintaining key asset performance, identifying opportunities and improving yield and reliability, the business has been able to streamline its portfolio, capture
Also in this section
24 December 2025
As activity in the US Gulf has stagnated at a lower level, the government is taking steps to encourage fresh exploration and bolster field development work
23 December 2025
The new government has brought stability and security to the country, with the door now open to international investment
23 December 2025
A third wave of LNG supply is coming, and with it a likely oversupply of the fuel by 2028
22 December 2025
Weakening climate resolve in the developed world and rapidly growing demand in developing countries means peak oil is still a long way away
