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Hungary's MOL inaugurates fuel storage, processing facility in Serbia

Author Radomir Ralev
Hungary's MOL inaugurates fuel storage, processing facility in Serbia Author: MOL. License: All rights reserved.

BELGRADE (Serbia), September 18 (SeeNews) – Hungarian oil and gas company MOL has officially opened a fuel storage and processing facility in Sremski Karlovci, in northern Serbia, the CEO of MOL Serbia said.

The facility, with a high degree of automation, will make the operations of MOL in Serbia more safe and efficient, Ante Aralica said in a video file posted on the website of news agency Tanjug on Tuesday.

"The complex represents the largest investment of MOL in Serbia since the company entered the local market 15 years ago. And this investment confirms that Serbia and Hungary are strategic partners," Hungary's ambassador to Serbia, Attila Pinter, said in the video file, adding that Hungarian investments in Serbia exceed half a billion euro.

Neither Aralica, nor Pinter disclosed the value of the investment in the facility in Sremski Karlovci in the video file. 

In January 2018, Serbia's competition regulator approved the acquisition of an oil terminal in Sremski Karlovci by MOL from Serbian company Dunav Oil Term. According to data published on the website of Neftochem, a shareholder in Dunav Oil Term, the terminal has a capacity for the storage of 12,000 cubic metres of petrol and 8,000 cubic metres of diesel.

MOL, present in Serbia since 2005, operates 62 filling stations in all major cities along the most important roads in the country.