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