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Hungary's MOL says it finds 'substantial' oil field in Hungary

11/21/2022 | 09:01am EST
FILE PHOTO: A general view of Hungarian MOL Group's Danube Refinery in Szazhalombatta

BUDAPEST (Reuters) - Hungarian energy company MOL found a 'substantial' oil field in Hungary that could raise the country's oil production by 5%, the company told state news agency MTI on Monday.

The company said it found the oil field close to Budapest in the town of Vecses in an area where it started exploratory drilling in July.

(Reporting by Anita Komuves, editing by Alan Charlish)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BRENT OIL -0.25% 82.82 Delayed Quote.-0.55%
WTI -0.31% 76.525 Delayed Quote.-1.72%
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