As always, we had a constructive discussion with Janaf, our crude oil supplier.

We asked the Croatian company providing oil transportation services for us to conduct appropriate tests to demonstrate that it is capable of transporting sufficient crude oil through the Adria pipeline every day of the year. MOL will continue to provide all support for the tests in Croatia. MOL is, of course, open to involving any external experts in this, but it is important to emphasize that MOL Group bears the burden of responsibility for the refineries and the security of supply in the region.

We have also indicated that we propose to go back to predictable market principles and to place commercial relations first. MOL has always been an advocate of transparent and market-based pricing.

We suggested that Janaf also study the best international examples of Western European transport company ownership structures, where the presence of oil users as owners guarantees fair pricing and continuous availability.

At the same time, we made it clear that MOL's position has not changed: to ensure security of supply in the region, at least two high-capacity and competitively priced crude oil pipelines are needed to ensure that raw materials are available in any havaria incident.

About MOL Group

MOL Group is an international, integrated oil, gas, petrochemicals and consumer retail company, headquartered in Budapest, Hungary. It is active in over 30 countries with a dynamic international workforce of 25,000 people and a track record of more than 100 years. MOL Group operates three refineries and two petrochemical plants under integrated supply chain-management in Hungary, Slovakia and Croatia, and owns a network of almost 2400 service stations across 10 countries in Central & South-Eastern Europe. MOL’s exploration and production activities are supported by more than 85 years’ experience in the field of hydrocarbons and 30 years in the injection of CO2. At the moment, there are production activities in 8 countries and exploration assets in 9 countries. MOL is committed to transform its traditional fossil-fuel-based operations into a low-carbon, sustainable business model and aspires to become net carbon neutral by 2050 while shaping the low-carbon circular economy in Central and Eastern Europe.