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
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
