Mol Has Entered the Libyan Market: It Can Map Part of the Mediterranean Sea with Its Partners

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MOL Group is further expanding its international portfolio by entering Libya, after successfully bidding for an offshore exploration area in the Mediterranean Sea, together with Repsol and Turkish Petroleum.

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The Hungarian MOL Group is expanding its international energy portfolio by entering Libya, after it was awarded the right to explore a large offshore block in the Mediterranean Sea in a consortium with Spain's Repsol and the Turkish state-owned company TPAO. This is the O7 block, which covers more than 10,300 square kilometers at a depth of more than 1,500 meters, about 140 kilometers northwest of Benghazi. The project is considered one of the m…