BUDAPEST--Hungarian refiner MOL Nyrt. (MOL.BU, MGYOY), the country's largest company in revenue terms, is constantly seeking new acquisitions, the firm's chief executive and chairman said Monday.

"There's a team that is constantly seeking new acquisitions, there are many possibilities in the pipeline," Zsolt Hernadi said on commercial radio Inforadio in an interview.

Mr. Hernadi added, however, there are only about one or two acquisitions that are realized out of 20 possibilities.

MOL recently bought Czech Republic-based Pap Oil's network of 124 fuel stations, and 12 stations in Slovenia.

Write to Veronika Gulyas at veronika.gulyas@dowjones.com

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