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MOL plans to further investments in Pakistan

The company is also working on a number of potential projects after having made significant hydrocarbon discoveries in Tal block of NWFP.

According a statement issued by local MOL office, the company has started supplying more than 50 million cubic feet per day natural gas from its Manzalai-1 (Gurguri) well to SNGPL at Kohat.

The company said it was also producing 500 bbl per day crude oil from Makori-1 besides substantial quantity of gas. It has recently announced successful completion of tests for the third well called Manzali 2. in the block. MOL is the leading integrated oil and gas group in Central and Eastern Europe (CEE) and the largest company in Hungary in terms of sales and has a market capitalisation of more than $10 billion.

MOL Group is one of the world's largest oil and gas companies with operations in 9 countries, and the group's refinery capacity is over 20 million tonnes.

MOL is working in Pakistan through its subsidiary MOL Pakistan Oil & Gas Co. B.V. since April 1999.

MOL Group has appointed Janos Laszlo Feher as the new General Manager of MOL Pakistan. Feher has previously worked with MOL Group in various capacities for the last ten years.