Magazine 2/2007
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A conference on the Nabucco gas pipeline project attended by the partners involved was held on 14th and 15th September in Budapest. Apart from the main representatives of companies, which are the members of the consortium composed of OMV, MOL, Transgas, Bulgargaz and Botas, among those who attended the conference were also the European Commissioner for Energy Andris Piebalgs, the Hungarian…
Magazine 2/2007
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At the end of August 2007, the Czech Energy Company CEZ and the Hungarian Oil and Gas Company MOL proved, that even two (in the world scale) middle-sized companies from Central Europe can raise some excitement in the world media and among analysts. According to the capital value two times bigger Czech company agreed on a strategic alliance with the smaller partner, with the possibility…
Magazine 2/2007
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In the end of June 2007, information on the Austrian concern OMV planning to take over the Hungarian oil company MOL appeared. Since a part of MOL’s shares is listed on the stock exchange, by means of capital market the Austrian company increased its stake in the Hungarian rival company by 8 per cent, namely from 10 to more than 18 per cent. This undertaking stirred up defiant reactions among the representatives…
Magazine 1/2007
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The project of Nabucco gas pipeline, which in the future could make a step towards lowering the dependence on Russian supplies, has been drawn in plans for a few years. Its main supporter became the European Commission; based on warning signals of increasing dependence on small number of gas suppliers, it is searching for possibilities of partial diversification of natural gas origin and route…
