Hungarian refinery giant MOL, which runs several hundred petrol stations in the Czech Republic, will provide oil to the Czech Administration of State Material Reserves to the tune of 230 million crowns. The company will provide altogether 20 million litres of winter diesel fuel, the administration’s spokeswoman Edita Pechalová told the Czech News Agency on Sunday. The Czech Republic currently doesn’t fulfil the European Directive on oil and crude oil reserves, which requires EU countries with no oil of their own to maintain emergency stocks of crude oil or petroleum products equal to at least 90 days of net imports.
Hungary´s MOL will acquire 44 petrol stations of the Russian firm Lukoil in the Czech Republic in an effort to further strengthen its position on the Czech market and in Central and Eastern Europe, the firm said on Tuesday. MOL operates 125 Pap Oil petrol stations and 24 Slovnaft stations in the Czech Republic and is in the process of acquiring 125 Agip stations on the Czech market. On completion of the deal with Lukoil and the purchase of the Agip network from ENI the company will operate 318 petrol stations in the country. MOL runs a network of over 1,700 petrol stations in 11 countries in Central and South-East Europe.
Hungarian refinery giant MOL is about to seal a deal with AGIP to buy the Italian’s firm 124 petrol stations in the Czech Republic, the Czech daily Hospodářské Noviny reported. If the deal goes through, MOL will become the second biggest player on the Czech market. It could also spark further consolidation.