MOL sees INA slip from its grasp as production falls
The Hungarian oil and gas firm is struggling with corruption allegations
Hungarian oil and gas firm MOL is struggling to arrest the decline in its production. The substantial newly discovered reserves in Croatia's Adriatic offshore plat would have helped fixed that, but they now look to be beyond MOL's grasp as control over its Croatian subsidiary INA slips away. The dispute over INA is both long-standing and complex. In fact, it might conceivably get worse after the Croatian authorities in July decided to try in absentia MOL's chief executive, Zsolt Hernadi, over allegations that he paid former Croatian prime minister Ivo Sanader a bribe to gain management control over INA. Given that in mid-June Croatia's Supreme Court confirmed a 2013 guilty verdict against Sa
Also in this section
16 April 2026
Demand for oil is falling because supply cannot meet it, not because it is no longer required
16 April 2026
The continent has an immediate opportunity to make the most of its energy resources by capturing gas that is currently slipping away
15 April 2026
The continent is seeing political pushback to climate plans, corporate reassessment of transition goals and rising supply risk in a fractured global order
15 April 2026
The Middle East energy crisis may turn out to be pivotal to the industry’s long-term expansion, but significant challenges still stand in its way
