MOL Group acquires Chevron oil assets, awaits North Sea approval

Oil and gas company MOL Group invests more than USD 1.5 billion in Chevron assets in Azerbaijani projects. The company is also waiting for a response to its application for permission to extract oil in the North Sea.

Budapest-based MOL Group has extraction activities in 8 countries and exploration in 13. The photo shows the company's Sisak refinery. | Photo: Mol Group PR

BY MATHIAS JULIUS FALKENGAARD

Hungarian oil firm MOL Group acquires a stake of 9.57 percent in giant field Azeri-Chirag-Gunashi (ACG).

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