Gazprom To Acquire Hungarian Oil Firm Shares

Russian gas monopoly Gazprom?s head said that it is likely to consider the possibility of participation in the privatization of shares of the biggest Hungarian oil and gas company.

MOL Hungarian Oil and Gas controls Balatongaz, Kiskungaz, MOL Natural Gas Supply Plc., MOL Natural Gas Transmission Plc. In 2004 MOL approximately doubled the net profit up to 208.6 billion forints ($1.029 billion) against 108.6 billion forints in 2003. Company's revenue in 2004 climbed 30 percent up to 1.95 billion forints from 1.95 billion forints