Syria woes cause ‘challenging’ 2012 for MOL

摘要

Budapest—Hungary’s MOL expects 2012 to be a challenging year because of the loss of production from its operations in Syria and the continued poor refining environment in Europe, MOL CEO Zsolt Hernadi said May 15. The company also announced a three-year program to improve its downstream segment’s operating profit by $500 million-$550 million through 2014 via a mix of cost-cutting and revenue-boosting measures.