By Marton Eder
BUDAPEST--Hungarian oil and gas company MOL Nyrt. (MOL.BU)
expects hydrocarbon output of 114,000-121,000 barrels of oil
equivalent a day in 2012, MOL's Chief Financial Officer Jozsef
Simola said Tuesday.
"We expect hydrocarbon output above the 114,000 Boe/day average
in the second quarter, but below the 121,000 Boe/day figure
forecast at the end of the first quarter," Mr. Simola said in a
conference call with journalists after the company released
second-quarter earnings earlier Tuesday.
The chief financial officer said MOL expects average oil price
to stay above $100 in 2012 with the margin between the Brent and
Ural baskets, that are indicative for the company's operations, to
remain below $1.
MOL registered net profit of 700 million forints ($3.1 million)
in the second quarter of 2012, a 99% plunge from the corresponding
period of last year. The figure was below analyst expectations of
HUF25.5 billion in net profits.
Company Web site: www.mol.hu
- Write to Marton Eder at marton.eder@dowjones.com
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