MOL May Cut Capital Expenditures

The Hungarian oil and gas company MOL may cut its expenditures depending on the changes in the business environment.

 

Chief Financial Officer Jozsef Molnar of Hungarian oil and gas company MOL told Reuters on October 22nd 2008 that the company is closely monitoring changes in the business environment and may cut its capital and operating expenditures.

MOL has an over EUR 1.2 billion unutilized credit facility, which provides the company with appropriate financial flexibility, he said.

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