Hungary's MOL pares output targets amid slowdown

摘要

London-Hungary's MOL has scaled back its oil and gas production targets and sees little growth of its existing output over the next two years, hampered by higher industry costs and spending cutbacks, MOL Executive Vice President Zoltan Aldott said July 14. Speaking on the sidelines of an oil conference in London, Aldott said MOL is producing some 145,00 b/d of oil equivalent and sees total organic growth within the "single digits" over the next five years.