MOL Magyar Olaj es Gázipari : Work necessary for restoration of the Olefin-1 plant can begin

About this update from Mol Hungarian Oil & Gas Plc Class A

Preparation for the restoration begins with the cleaning of the plant, followed by the scaffolding and technical inspection of the equipment, pipelines, as well as steel and reinforced concrete structures affected in the incident. We will dismantle the damaged elements and immediately begin the procurement of the necessary equipment for the restoration. Following the technical inspection of the damaged equipment, we will get a more accurate picture of how long the restoration will take. Based on preliminary expert estimates, the plant may resume operations after several months of restoration work. The condition of our injured colleagues continues to improve; however, they still require hospital treatment. MOL is providing full support to those affected and their relatives. Fuel supply in Hungary is not affected by the incident. Other units of MOL Petrochemicals are operating as planned.

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