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
23 April 2026
The addition of an oil pipeline to the Power of Siberia 2 gas project could ensure deliveries of Russian oil to China, materially shorten logistics lines between West Siberia and final customers, and—amid disruption in the Strait of Hormuz—offer a land-based export route that reduces exposure to maritime chokepoints
23 April 2026
There is a clear push to bolster exports to Asia amid uncertainty around its North American neighbour, but there are limits to the benefits from the energy crisis
23 April 2026
Shell made the play-opening discovery in Namibia’s Orange basin back in 2022, but its next well could decide whether the project can actually be commercialised
22 April 2026
The failure of OMV Petrom’s keenly watched exploration campaign at Bulgaria’s Han Asparuh block highlights the Black Sea’s uneven track record, despite major successes like Neptun Deep and Sakarya
