MOL Eyes Lukoil Assets: Hungary's Energy Gamble
Update: 2025-12-05
Description
Hungarys MOL energy company is reportedly interested in acquiring international assets from sanctioned Russian oil giant Lukoil. This comes after U.S. sanctions on Lukoil, aiming to pressure Russia over Ukraine conflict. Lukoils assets include refineries, oil fields, and retail fuel stations globally. MOL is particularly interested in Lukoils European refineries and fuel stations, along with its producing assets in Kazakhstan and Azerbaijan. Hungarian Prime Minister Viktor Orban discussed MOLs plans with former U.S. President Donald Trump, resulting in a one-year waiver from U.S. sanctions. This situation highlights the complex geopolitical landscape surrounding energy markets and international sanctions.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
