Oil producer Mol plans transformation in newly unveiled long-term strategy
Hungarian oil and gas group Mol announced on Friday that its board of directors had formally approved the company’s new long-term strategy, reported Hungarian economic website portfolio.hu.
Mol targets a gradual increase of the share of non-motor fuel products to above 50% by 2030 (from below 30% currently) through carefully selected investment projects, primarily focused on the petrochemical and chemical value chains.
Mol also aims at increasing its fuels market share in the broader CEE region to 25-30% from the current 20%.
The Hungarian company will continue to operate highly complex, efficient and profitable refineries in the mid-term belonging to the top European refiners measured by net cash margin, portfolio.hu reported on Friday, quoting the company's official press release.
