MOL Group

On 9 May 2008, MOL signed an agreement to acquire a 35% interest in a block in India operated by the Indian ONGC. In the same year MOL further acquired 22.16% of INA's shares through its general public offer on the Zagreb Stock Exchange.

On 24 May 2011, the second Orbán-cabinet bought the Russian Surgutneftegas's shares, thus the Hungarian state acquired 21.2% of the shares within the company.

In late 2013, MOL entered the North Sea by acquiring Wintershall's portfolio, which included a mix of producing fields and undeveloped projects. It also acquired a position in the Scott hub in the central North Sea. MOL further expanded its exploration portfolio by entering Norway in 2015, after acquiring Ithaca Petroleum Norge.

On May 8, 2014, MOL announced the acquisition of the Italian Eni's subsidiaries in the Czech Republic, Slovakia and Romania, including the retail network of 208 petrol stations previously operated under the Agip brand. The transaction also included the takeover of Eni's wholesale interests in the Czech Republic, Slovakia and Romania. In the Czech Republic, MOL's retail market share exceeded 10 percent thanks to 125 new gas stations and 24 Slovnaft and 125 PAP Oil filling stations, also belonging to the group. With 274 service stations, the MOL Group is the second largest retailer of fuel in the country. In Slovakia, 253 petrol stations were already part of the entire network, with 41 filling stations purchased at the time. In Romania, the existing network expanded by 42 wells, adding 189 items, accounting for 12% of retail sales.

Diversification (2016–2020)

In 2016, MOL announced its long-term strategy "MOL 2030". According to the company, its integrated upstream-downstream business model would continue to provide stable and robust profitability for the next 10–15 years, but new investments are seen to be essential for MOL's future. As part of the strategy, the company intends to diversify the classical Oil & Gas business and develop into the region's leading chemical and consumer goods and services company.

Through 2030, MOL scheduled investments of US$4.5 billion to expand its petrochemical business and to extend away from the commodity segment into higher value-added chemical products. One of the first projects following the new strategy was the Polyol chemical project. In September 2018, MOL reached final investment on the project and signed engineering, procurement and construction (EPC) contracts with ThyssenKrupp.

The company formed a partnership for plastic recycling with German APK in 2018, and in 2019 acquired Aurora, a German recycled plastic compounding company.

In 2017, MOL launched fleet management, e-mobility and car sharing ventures.

In September 2019, MOL Serbia opened a new fuel storage depot in Sremski Karlovci. The compound is MOL's largest investment into Serbia over the last 15 years. In November 2019, MOL signed an agreement with Chevron, acquiring their 9.57% interest in the Azeri-Chirag-Gunashli (ACG) oil field and an 8.9% stake in the Baku-Tbilisi-Ceyhan (BTC) pipeline. The pipeline transports crude oil from ACG to the Mediterranean port of Ceyhan. The total transaction was valued at $1.57 billion. In November 2019, MOL Group announced it had acquired 100% shareholding in German plastic compounder company Aurora.

In 2014 as a strategic goal, MOL started investigating the ways of diversifying its crude oil supply and to adapt its refineries to process non-Russian alternative crude oil, in order to reach greater flexibility. Until 2022 MOL invested more than US$170 million on building up the alternative logistics on the Adria pipeline. This allows more seaborne deliveries to supply the Duna and Slovnaft refineries in Hungary and Slovakia. Due to the crude diversification efforts, Duna refinery can currently process about 35% of non-REB feedstock, mixed in with Urals crude. The Russian invasion of Ukraine has accelerated this process of planning. MOL needs an investment-cycle of up to $700million and at least 2–4 years to be able to switch to 100% alternative crude processing.

International expansion (2021–present)

In June 2021, MOL Group reached an agreement to acquire OMV's 92.25% stake in OMV Slovenija d.o.o., the Slovenian arm of Austrian oil and gas giant OMV AG for €301million. The agreement made MOL the second biggest fuel supplier in Slovenia. It was approved by the European Commission in 2023 on the condition that MOL would sell 39 gas stations to Shell. MOL expanded into Poland in December 2022, by completing the purchase of 417 Lotos gas stations, which were sold as part of an regulatory requirement for PKN Orlen's takeover of Lotos. The purchase made MOL the third largest operator of gas stations in Poland at the time. By December 2025, the total number of stations sunk to 370, which represented a 7% market share.

In October 2019, the foundation stone for a polyol complex in Tiszaújváros, Hungary, was laid by Zsolt Hernádi, Ferenc Koncz, Sami Pelkonen and Mihály Varga. The €1.3 billion complex opened in 2024 with an annual production capacity of 200,000 tonnes of polyol. In the same year, MOL started producing green hydrogen at a 10-MW facility at the Százhalombatta refinery. The facility can produce up to 1,600 tonnes of hydrogen per year, which is used primarily in fuel production.

In January 2026, it was announced that MOL Group had signed a heads of agreement to acquire Gazprom Neft’s 56.15 per cent stake in Naftna Industrija Srbije for an undisclosed sum. The transaction would give MOL control of Serbia's sole oil refinery at Pančevo, subject to regulatory approvals and the conclusion of a final sale and purchase agreement.

MOL has foreign exploration licences in (with date of announcement):

Yemen, Exploration Blocks '48' and '49', 2002

Kazakhstan, Federovskoye Block, 2004; North Karpovsky, 2012

Croatia and Hungary, Slatina and Zaláta, 2006

Russia, Baituganskoe Oilfield, Surgut-7 block and Matjushkinsky block 2006–2007

Cameroon, Ngosso Permit Block, 2007

Iraq, Akri Bijeel Block, 2007

MOL has foreign production facilities in (with date of announcement):

Russia, Zapadno-Malobalyk oil field (with Yukos, later Russneft) 2002

Pakistan, Tal Block, 2004

Downstream operations

MOL Group operates assets with a total of 20.9 mtpa refining and 2.2 mtpa petrochemicals capacity. Its downstream asset base includes 6 production units: 4 refineries and 2 petrochemical sites, and an extended regional logistics and wholesales network as an integrated value chain. Its refineries at Százhalombatta, Hungary and Bratislava, Slovakia, are among the most profitable ones in Europe, with Nelson complexity indexes of 10.6 and 11.5 respectively.

MOL also produces and sells petrochemicals worldwide and is a leading petrochemical company in the Central Eastern Europe region. Its products are sold in more than 40 countries. MOL's petrochemical portfolio consists of high-quality polyolefin products (high- and low-density polyethylene, polypropylene) as well as butadiene.

As part of its 2030 strategy, MOL targets a gradual increase of the share of valuable non-motor fuel products to above 50% by 2030 from below 30% currently. MOL intends to increase the feedstock for its petrochemical plants, whilst also taking advantage of the growing demand for profitable products as jet fuel, lubricants and base oils.

In 2015, MOL and Transpetrol AS finished a capacity expansion of the Adria oil pipeline between Százhalombatta, Hungary, and Ipolyság, Slovakia, increasing the capacity by 2.5 million tons/year to a total of 6 million tons/year. At the same time, the pipeline section in Hungary leading to Slovakia also had its capacity increased to 14 million tons/year. According to MOL, the expansions were "enhancing the regional security of supply." In September 2025, MOL and the Adria pipeline operator Janaf conducted capacity tests at the section between the Sisak terminal and the Hungarian border, in an effort to reduce dependency on the Druzhba pipeline. According to Janaf, the second test established a safe operating rate of 2,100 m3/h of oil, a third test however was only run at 1,650 m3/h, with both companies giving different reason as to why the flow rate was lower than before.

As MOL aims to expand its petrochemical business, the company has earmarked EUR 1.2bn for investment in propylene-oxide based polyols, a high-value product applied in the automotive industry, packaging and furniture manufacturing. In 2018, it made a final investment decision on its Polyol Project, the biggest single investment of the company until 2021.

To expand their petrochemical portfolio, MOL has signed a partnership with German APK in 2018, supporting the completion of APK's plastic-recycling plant in Merseburg. As part of circular-economy and sustainability endeavors, the plant pilots a process dubbed "Newcycling", recovering high-quality materials from plastic waste.

For the natural gas division, the main focus is gas transmission via an extensive high pressure gas pipeline, which length exceeds 5,700 kilometres (3,500 mi). MOL is a member of the Nabucco Pipeline project.

In the field of renewable energy MOL develops geothermal power production through the, CEGE Central European Geothermal Energy Production, a partnership with Australian-based Green Rock Energy Limited. The company supports the research of second generation biofuels at the University of Pannonia.

Retail Consumer Services

As of 2018, MOL Group owns a network of nearly 2,000 service stations under six brands across ten countries in Central and Southern Europe.

In 2018, the company launched a car-sharing service in Budapest, MOL Limo.

Renewable and low carbon energy operations

In 2023, MOL acquired the Szarvas Biogas Plant from BayWa AG, which can produces 12.5 million cubic meters of biogas from 53,000 tonnes of agricultural waste as well as 40,000 tonnes of waste from meat production per year. In December 2024, MOL acquired Naperőmű Farm Kft., which was in development of a 66 MWp solar park at Ballószög in Hungary. At the time, MOL had six solar parks in Hungary with a combined capacity of 31.5 MW and a further 13.6 MW of solar capacity in Croatia. In June 2025, MOL began developing a project comprising a 37.4 MW solar farm and an energy storage facility with a capacity of 40 MWh at its Algyő site. In December 2025, MOL signed an agreement to acquire Polsolar Kft., which owned five solar parks near Mezőcsát with a combined capacity of 304 MW. In March 2026, MOL opened an energy storage facility with a capacity of 40 MWh at the Tiszaújváros site, where the company is also constructing a 48 MW solar farm.

Waste management operations

In June 2022, the Hungarian government announced that MOHU MOL Hulladékgazdálkodási Zrt., a subsidiary of MOL established for the tender, had been granted a 35-year waste management concession beginning in July 2023. As part of the concession, MOL announced it would invest more than $1.15 billion within the first ten years, including a waste-to-energy plant processing 100,000 tons of waste per year. In January 2024, MOHU introduced a deposit-refund system for single-use aluminum cans as well as plastic and glass bottles, which had a return rate of 88.8% in 2025.

In 2023, MOL and Lummus announced a partnership, which included a plastic waste recycling plant capable of processing 40,000 tonnes of plastic waste each year.

Zdravko Maric, the Croatian Finance Minister, submitted his resignation after the ICSID's decision, claiming personal reasons. It remains unclear, though, exactly how his departure relates to the court's decision.

The ICSID decision is an important turning point in the prolonged legal fight between MOL and Croatia and a significant shift in their tumultuous history.

Croatia's request for review was denied by the Swiss court

In a related matter, opposition parties within the Croatian parliament were disappointment following the Swiss Federal Supreme Court's decision to reject Croatia's application for a review of the 2016 INA arbitration case. Ivo Sanader and Zsolt Tamas Hernádi were found guilty of bribery in a judgment that was upheld by the Croatian Supreme Court in February 2022, at the time when a request for a review was made.

Significant differences in the testimony of various people, most notably Robert Jezic, influenced the Swiss court's ruling. This outcome drew frustration among Croatian officials, with MP Dalija Oreskovic (Centre) asserting that the situation highlighted the nation's vulnerability and the potential inadequacy of its representation.

Some MPs contended that the Swiss Federal Supreme Court's verdict indicated concerns about the independence of Croatia's judiciary. Nikola Grmoja (Most party) suggested that the outcome of the INA case influenced the arbitration's result and the subsequent review request. He raised concerns about systemic flaws within Croatia's judicial system, casting doubt on the notion of an impartial judiciary.

Operations in Russia

According to a list maintained by the Yale School of Management, as of September 2025, the company suspended activities in Russia after the Russian invasion of Ukraine.