16 September 2016
Downstream Company of the Year, 2016: MOL Group
Following completion of MOL’s New Downstream Programme in 2014, the company identified that the downstream business still faced low profitability and high “stay in business” costs. In a climate of growing competition, stagnating demand and significant overcapacity, the business embarked upon a strategy to improve profitability and competitiveness, launching the Next Downstream Programme 2015-2017 (NxDSP). The NxDSP is built around three key pillars: the handling of assets, strengthening market position, and personal development. By maintaining key asset performance, identifying opportunities and improving yield and reliability, the business has been able to streamline its portfolio, capture
Also in this section
5 March 2026
Gas is a central pillar of Colombia’s energy system, but declining production poses a significant challenge, and LNG will be increasingly needed as a stopgap. A recent major offshore gas discovery offers hope, but policy improvements are also required, Camilo Morales, secretary general of Naturgas, the Colombian gas association, tells Petroleum Economist
4 March 2026
The continent’s inventories were already depleted before conflict erupted in the Middle East, causing prices to spike ahead of the crucial summer refilling season
4 March 2026
The US president has repeatedly promised to lower gasoline prices, but this ambition conflicts with his parallel aim to increase drilling and could be upended by his war against Iran
4 March 2026
With the Strait of Hormuz effectively closed following US-Israel strikes and Iran’s retaliatory escalation, Fujairah has become the region’s critical pressure release valve—and is now under serious threat
