Mol prioritises petchems

CEE’s leading integrated oil and gas firm is putting petrochemicals at the centre of its near-term growth strategy

Progressing its refinery upgrade programme, investing in value chain extensions and diversifying into petrochemical products are at the core of Mol’s strategy for the near future, Ferenc Horvath, executive vice president for downstream, tells Petroleum Economist. The Hungarian integrated oil company is also mindful of a challenging macro environment for refiners and stricter decarbonisation objectives throughout the industry as it builds on its long-term strategy. “In 2011-12 we decided to focus on our internal performance in order to be more resilient towards the external macro environment,” he explains. “We will strengthen our petchems business, and an increasing share of our downstr