MOL Group

MOL Rt (Magyar Olaj - és Gázipari Részvénytársaság ) is the leading oil company headquartered in Budapest Hungary. MOL is an integrated oil and gas company. The company is active in the EMEA and the CIS countries and employs more than 34,000 people worldwide. The oil and gas company is listed as a public company traded on the Budapest and brings about 25 % of the total index weight of the BUX at the Budapest Stock Exchange on the scale. In addition, MOL is listed on the Luxembourg Stock Exchange and the Warsaw Stock Exchange. The MOL Group is expanding its efforts increasingly becoming an important player in all of Eastern Europe. The Group of companies include MOL Plc. (Hungary ), Slovnaft (Slovakia ), TVK, the private refining and marketing company IES based in Northern Italy, INA (Croatia ), 74.99 % of Roth fuel oils ( Austria ), 67 % of Energopetrol (Bosnia and Herzegovina ) and the company Tifon ( by a consortium INA).

• 4.1 subsidiaries

• 5.1 Promotion and production of petroleum, natural gas and gas products 5.1.1 refining, transportation, storage and trading of petroleum products in the wholesale and retail
• 5.1.2 petrol stations
• 5.1.3 Services offered petroleum products

• 6.1 Sponsorship
• 6.2 Foundations, Funding, etc. 6.2.1 Children
• 6.2.2 Culture and Science
• 6.2.3 Healthcare
• 6.2.4 More

Ownership structure

• The largest single shareholder was until March 2009, the Austrian OMV AG, topped up their share in June 2007 from 18.6 percent to 20.2 %. But there was some resistance from Hungary. After MOL rejected a takeover bid by OMV in August 2008 and the EU Commission had made sharp conditions for authorization, OMV sold its stake in March 2009 for 1.4 billion euros to the Russian company Surgutneftegas.
• Overall, around 40 % hold the MOL management and "friendly company" in which repurchased shares were parked (according to SN September 26, 2009 )
• The remaining 40 % are held by international funds.

History

MOL was on 1 October 1991 by the merger of nine companies - established - members of the former "National Oil and Gas Trust ". In 1995, the integration of all business was completed and MOL began its operations as a central company. In the same year, a comprehensive privatization process, which started out with the Company's listing on the Budapest Stock Exchange began.

For some time negotiating the OMV, the majority owner of the Romanian oil company Petrom is the market leader in Central and Eastern Europe since 2004, with the MOL on closer cooperation and a majority stake. Since MOL, however, with the acquisition of Slovnaft refinery ( Bratislava) forestalled the Austrians, spiked the talks. Hungary's Prime Minister Ferenc Gyurcsany wanted a takeover, which would be associated with a debt restructuring prevent. In this issue, the EU Commission saw a contradiction to the principle of free economic and capital and criticized Hungary in September 2007 what was being reported as Causa MOL in the media.

Causa MOL

As part of the takeover attempt was noted by OMV, the delay or blocking of the negotiations by MOL and the Hungarian government of a market disruption tantamount which interferes with decisions already made business decisions several companies. To bring the MOL management in a tight spot, the OMV AG made ​​the MOL shareholders in 2007 a ​​direct bid to a well fair market price of 32,000 forints ( 128 euros ) per share. The MOL Board taking György Mosonyi rejected this as " significantly undervalued " from Gyurcsany spoke of " a hostile takeover".

The British Financial Times devoted to this contradiction between national aspirations and the EU principle of free movement of capital Economic and even an entire front page. The Commissioner for Economic Commissioners had initially asked Hungary's government to end its blockade policy. Since June 2007, ran the stock prices of OMV and MOL almost parallel ( 43-51 €, 25-30.000 Ft), and Western investment funds in favor of a merger. Overall, the objective of a majority shareholding would up costs OMV of around 10 billion euros, which designated the UK's leading business daily as appropriate.

The EU Commission met with its opinion Budapest against the increasing attempts by some EU countries to make their energy policy primarily in terms of a neo- nationalism. These states were so far mainly Spain and France, in particular the EDF power company.

The former EU Commissioner Franz Fischler saw the Causa MOL as typical of an increasingly nationalistic economic policies, which should be a response to the potential for smaller States disadvantages of globalization.

Schleßlich However, it was announced that the EU Commission, the possible takeover regarded in many parts than competitive hazardous because MOL and OMV are the respective major competitors in the region and it would in the case of a merger in a too large " market wealth " on the part of OMV.

Company Logo

A red triangle ( top to bottom) with white MOL logo in the upper right half.

MOL Group

Subsidiaries

• Alfa gas Kft (Hungary )
• Branch Office Damascus ( Syria)
• Energopetrol d.d. (Bosnia and Herzegovina)
• FGSZ Földgázszállító Zrt. (Hungary )
• Geoinform Kft (Hungary )
• GES Geofizikai Szolgáltató Kft (Hungary )
• Hawasina LLC Oman Branch ( Oman)
• IES - Italiana Energia e Servizi spa ( Italy)
• INA - Industrija nafte d.d. (Croatia )
• INA Branch Office Angola ( Angola)
• INA Branch office Egypt (Egypt)
• INA Branch Office Namibia
• INTERINA d.o.o. (Slovenia )
• Intermol d.o.o. (Serbia )
• Kalegran Ltd Erbil ( Iraq)
• MK mineral Kontor GmbH ( Germany )
• MOL Austria Handels GmbH ( Austria )
• MOL Caspian Oil and Gas Ltd.. - Branch Office (Kazakhstan )
• MOL Commodity Trading Korlátolt Felelossegu Társaság (Hungary )
• MOL Energiakereskedő Kft (Hungary )
• MOL Magyar Olaj - és Gázipari Nyilvánosan Működő Részvénytársaság (Hungary )
• MOL Pakistan Oil and Gas Co. B. V. (Pakistan )
• MOL Petrochemicals ( Austria )
• MOL Romania Petrochemicals (Romania )
• MOL Romania PP SRL (Romania )
• MOL Slovenija d.o.o. (Slovenia )
• MOL Yemen Oil and Gas Ltd.. (Yemen)
• Moltrade - Mineralimpex Rt (Hungary )
• Petrolszolg Kft (Hungary )
• Roth- heating oils GmbH ( Austria )
• SLOVNAFT a.s. (Slovakia )
• Slovnaft Česká Republika, spol. s R.O. (Czech Republic)
• Slovnaft Petrochemicals s.r.o., (Slovakia )
• TVK InterChemol GmbH ( Germany )
• TVK Italia Srl (Italy )
• TVK Nyrt. (Hungary )
• TVK Ukraina o.o.o. (Ukraine )
• TVK Erőmű Termelő és Szolgáltató Kft (Hungary )
• UBA Services Ltd.. (Russia)
• ZMB Ltd.. (Russia)

Core activities of MOL Group

Exploration and production of petroleum, natural gas and gas products

MOL pursuing exploration and production projects in Iraq, Yemen, Cameroon, Kazakhstan, Kurdistan, Oman, Pakistan, Russia, and by the strategic partnership with INA in Angola, Egypt, Libya and Syria.

Refining, transportation, storage and trading of petroleum products in the wholesale and retail

MOL operates five refineries in Hungary, Slovakia, Croatia and Italy with a refining capacity of 23.5 million tonnes a year. The company has a gas pipeline network of 5,500 kilometers in length.

Stations

The MOL Group operates more than 1,600 gas stations in ten European countries:

• The stations are designed with stores from 50 to 150 m².
• Friss 24 was established as a brand for ' premium stores ' and to strengthen the service character of the MOL petrol stations.

Offered petroleum products

MOL Austria offers to the Austrian stations among others, the following motor gasoline products:

• Regular gasoline EN91
• Euro Super ESZ95
• Super Plus ESZ98
• MOL EVO NEO Diesel.

The fuel supply to retail and wholesale varies from country to country. The station network of the MOL group includes 1600 stations in ten European countries. The first MOL petrol station in Austria was opened in early 2008 Leoben. Meanwhile, the company operates 27 filling stations in Austria. In 2009 MOL has completed an underground gas storage facility in Hungary, the commercially usable capacity has a capacity of 1.2 billion cubic meters of gas storage and mobile over 0.7 billion cubic meters and is of great strategic importance.

Production and sale of olefins and polyolefins

MOL is one of the largest polymer producer in Central Europe. Olefin and Polyfinprodukte are sold in over 40 countries.

Sponsorship, etc.

Sponsoring

• Organizers of national and international events (MOL Cup international sailing week at Lake Balaton )
• Organizer of the World Championships in Hungary (eg 10 Indoor Track and Field World Cup)
• Sponsor of athletes successfully both internationally and nationally ( Ákos Vereckei, Katalin Kovács Kinga Bóta, Majtenyi - Domokos sailing)
• Sponsor of associations and organizations (eg Hungarian Kayak - Canoe Federation )
• Sponsor of the Hungarian team at Paris Dakar Rally

Foundations, Funding, etc.

Children

• Home Pál Children's Hospital
• Bethesda Children's Hospital
• Children's City Fot

Culture and Science

• The Budapest Festival Orchestra
• The Hungarian State Opera House
• The Hungarian Museum of chemistry
• The Hungarian Petrochemical Museum
• MOL professor 'Chair
• Peregrinatio Foundation

Health service

• Air Rescue Society
• Clinic for Cardiology Balatonfüred
• International Pikler Emmi Society

More

• Hungarian Red Cross
• Hungarian Malteser
• Szent Lázár society
• Sansz society
• Various national parks of Hungary