18 November 2010 13:01 [Source: ICIS news]
PRAGUE (ICIS)--MOL’s refusal to list ?xml:namespace>
In refusing to register the company as a shareholder, MOL cited incomplete reviews of the Russian oil company’s shareholder credentials by Hungarian financial market watchdog PszAF and the Energy Office of Hungary.
The Budapest Metropolitan High Court of Appeal has now backed this stance, MOL said.
In early November, Russian Deputy Prime Minister Igor Sechin asked EU Energy Commissioner Gunther Oettinger to ensure that Surgutneftegas has stakeholder ownership rights in MOL.
The Hungarian government views Surgutneftegas with suspicions because the company did not consult with its ministers or MOL before buying its stake from OMV.
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