Hungarian oil and gas firm MOL Nyrt. (MOL.BU) is constantly monitoring possible acquisition targets, mainly upstream projects in Russia and the Kurdistan region of Iraq, MOL Chairman and Chief Executive Zsolt Hernadi said Thursday.
Hungarian
oil
and
gas
firm
MOL
Nyrt.
(MOL.BU)
is constantly monitoring possible acquisition targets, mainly upstream projects
in
Russia
and
the
Kurdistan
region of
Iraq
, MOL
Chairman and Chief Executive Zsolt Hernadi said Thursday.
"We're mainly considering investments in countries where it's already
present," Hernadi said at a press conference following the firm's annual
general meeting.
The company is also considering acquisitions in the central and Eastern
European region, both in upstream and downstream projects, Hernadi added.
In line with its medium-term investment plans, MOL will spend $5.5 billion
between 2011 and 2013 on developments from operating cash flow, the company
said in a release. Annually this will come to $1.8 billion-$2 billion, MOL's
Group Chief Financial Officer Jozsef Molnar said.
Διαβάστε ακόμα
Τρι, 24 Σεπτεμβρίου 2024 - 19:58
Τρι, 24 Σεπτεμβρίου 2024 - 19:54
Τετ, 18 Σεπτεμβρίου 2024 - 18:32
Τετ, 18 Σεπτεμβρίου 2024 - 18:27
Τρι, 17 Σεπτεμβρίου 2024 - 20:01