MOL Opens its Regional Office in Erbil

Source: www.gulfoilandgas.com 6/17/2014, Location: Middle East

MOL Group proudly announces the opening of its new regional office in Erbil, Kurdistan Region of Iraq, effective from 1st of June. The Group Regional Office will be responsible for controlling the operations in the Middle East and Africa, benefiting from the local experience of the management.

The Kurdistan Region of Iraq plays a significant role in MOL Group’s strategy in the MEA region, and contributes greatly to our balanced international E&P portfolio.

“This new, centralized organization set-up allows us to rationalize Upstream planning and decision making processes in line with the Group E&P strategy and thus increases our efficiency.” - highlighted Alexander Dodds, MOL Group Executive Vice President of Exploration and Production.

“We consider this step as a vote for political stability of a democratic Kurdistan Region as well as a significant commitment by MOL Group to a long-term presence in the Kurdistan Region of Iraq.” - said MOL Group Corporate Affairs Senior Vice President, Szabolcs I. Ferencz.

The implementation and execution of all regional business plans will be conducted by the Regional Director of the Erbil office, which will gradually expand in the coming months.

“In addition, the Regional Office’s wide geographical scope will allow our local staff, our sponsored Kurdish students, as well as local communities to benefit from MOL Group’s regional experience, including Pakistan and Oman.” - commented Dr. Majdi Ahmad, Regional Director of Middle East and Africa.


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