Fuel Quality Development Project at MOL Plc.

abarrelfullabarrelfull wrote on 07 Jul 2014 09:02
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2003-09-30

MOL Hungarian Oil and Gas Company hereby announces that on 30 September 2003 it concluded a contract in the value of HUF 13 billion with the Olajterv-Galatea consortium for the construction of a gasoline desulphurization unit. This contract forms part of MOL`s fuel quality development project, which has a total budgeted expenditure of HUF 57 billion. As a result of the gasoline desulphurization unit, the subject of this contract, and the diesel desulphurization unit already under construction, as of 1 January 2005 motor fuels produced and distributed by MOL Plc. will be practically sulphur-free, meeting the tightening quality specifications of the European Union.

The project will be implemented under an EPC (Engineering-Procurement-Construction) structure. The selection of the partner was made following a competitive bidding process, in which many internationally recognised corporations with proven capabilities and experience took part.

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