Mol upstream chief Berislav Gaso
Mol’s upstream positions for the long term
The oil and gas division wants a role beyond just providing cash for the group to pivot to lower-carbon alternatives
Hungary’s Mol has laid out a three-pronged approach to its 2030+ strategy of moving “profitably towards net zero”. But the three pillars—sustainable fuels, consumer convenience and mobility and the circular economy—leave, at first glance, little scope for its previously core oil and gas production activities. So will upstream revenues simply be used to fund the pivot to lower-carbon businesses? Or is there still a key role for hydrocarbons—albeit, in the future, decarbonised through carbon capture and storage—in Mol’s longer-term activities? Petroleum Economist spoke to Berislav Gaso, the firm’s executive vice president, upstream, to find out more. Is Mol’s upstream division just a short-t
Also in this section
27 February 2026
LNG would serve as a backup supply source as domestic gas declines and the country’s energy system comes under stress during periods of low hydropower output and high energy demand
27 February 2026
The assumption that oil markets will re-route and work around sanctions is being tested, and it is the physical infrastructure that is acting as the constraint
27 February 2026
The 25th WPC Energy Congress to take place in tandem as part of a coordinated week of high-level ministerial, institutional and industry engagements
27 February 2026
The deepwater sector must be brave by fast-tracking projects and making progress to seize huge offshore opportunities and not become bogged down by capacity constraints and consolidation
