Mol Scales Back Investment Plans to Ride Out Oil Slump, COO Says

  • Hungarian refiner sees writedowns on North Sea, other assets
  • Company to focus on costs, not acquisitions in 2016, Gaso says

Mol Nyrt. is planning to cut back investment and focus on assets closer to Hungary that can still generate cash after a plunge in oil prices, the head of the upstream division at Hungary’s largest refiner said.

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