MOL Sells Russian Surgut‐7 Exploration Block
04 September 2013 - 2:02AM
Dow Jones News
BUDAPEST--Hungarian oil and gas company MOL Nyrt. (MOL.BU), the
country's largest refiner by market share, sold the company that
owns the exploration license for the Surgut‐7 exploration block in
Russia.
MAIN FACTS:
-MOL announced its plan to sell the block on 12 August 2013 in
line with its portfolio optimization plans.
-The Surgut‐7 block is strongly linked to the infrastructure of
the Zapadno‐Malobalykskoye field, which was until recently also a
MOL asset. MOL sold these assets in a package deal, it said in a
stock exchange filing.
-MOL closed trading up 1.9% or HUF295 at HUF16,195.
Write to the Budapest bureau at budapest@dowjones.com
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