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Country summary: Hungary

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Hungary - recent news

19 Sep 25
Hungary: Iberdrola sells its business in Hungary for a total consideration of €171 million
Iberdrola has reached an agreement to sell 100% of the shares of Iberdrola Renovables Magyarország KFT, which owns its business in Hungary, to a consortium formed by Premier Energy - who previously acquired the company’s assets in Romania in 2024 - and to the Hungarian group iG TECH CC.
11 Sep 25
Hungary: MOL and O&GD have discovered a new oil field near Galgahévíz, Hungary - updated
MOL and O&GD have discovered a new oil field at a depth of approx. 2,400 meters near Galgahévíz, Hungary. The well, named Galgahévíz-4, is capable of producing approx. 1,000 barrels of crude oil per day, which is processed at the Danube Refinery in Százhalombatta.
11 Sep 25
Hungary: MOL and O&GD have discovered a new oil field near Galgahévíz, Hungary
MOL and O&GD have discovered a new oil field at a depth of approx. 2,400 meters near Galgahévíz, Hungary. O&GD and MOL share the extracted volume in a 51%-49% ratio. The Galgahévíz-4 well is capable of producing approx. 1,000 barrels of crude oil per day.
31 Aug 25
Hungary: MOL Group exploring geothermal energy at the Danube Refinery
MOL Group are conducting geothermal energy exploration and have carried out 3D seismic surveys in and around the Danube Refinery to assess the potential for geothermal energy utilization, with the aim to determine whether there is high-temperature groundwater in the area that could be harnessed to make the refinery’s operations more sustainable.
27 Jun 25
Hungary/Azerbaijan: MOL Group takes delivery of first joint shipment of Azeri crude oil as part of MVM - MOL cooperation
The first joint shipment of Azeri crude oil has arrived at the port of Omisalj on the Adriatic coast as a result of the cooperation between MVM Group and MOL Group.

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