Hungary's MOL plans new gas processing plant in Pakistan
Budapest - Hungarian energy firm MOL plans to build a new gas processing plant in Pakistan at a cost of 30 to 50 million dollars, chief executive Gyorgy Mosonyi said Monday.
He told the state news agency MTI the plant would process up to 20,000 barrels of gas condensate that MOL hoped to extract at the Tal block gas field in north-western Pakistan.
MOL has been present in Pakistan through its subsidiary Oil and Gas Development Company since 1999. It employs 350 people there.
The chief financial officer of the local subsidiary, Zoltan Jancsurak, said last week that MOL expects revenues of 40 million dollars in Pakistan next year. (dpa)