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2026-07-01 Slovnaft’s profit fell significantly year-on-year. Nevertheless, it will pay €107 million to the state

the company’s gross profit, according to its tax return, amounted to €248 million
Slovnaft will pay €107 million in income tax and a special levy to the state
The refinery processed 5.9 million tonnes of crude oil, representing a year-on-year increase of 23 per cent. The share of alternative crude oil processed also increased, reaching 1.02 million tonnes
Investments in 2025 totalled €137 million, with the company planning to invest a further €170 million this year

Bratislava, 1 July 2026 – Slovnaft closed 2025 with results that were significantly influenced by the challenging conditions in the energy market. According to its tax return, profit before tax stood at €248 million, representing a year-on-year decline of 37 per cent. The company will pay €107 million to the state, of which €60 million is in income tax and €47 million via a special levy. The company is also paying the special levy in 2026 and had already paid €36 million by June. According to the tax return, Slovnaft’s net profit for 2025 will thus stand at €187 million, which represents less than 3% of the company’s total turnover of €6.7 billion.

In 2025, the refinery processed 5.9 million tonnes of crude oil, representing a year-on-year increase of 23 per cent. The share of alternative crude oil processed also increased, reaching 1.02 million tonnes. Production capacity achieved a high level of reliability – the highest in the last one and a half decades – which was reflected in rising production volumes in both the refining and petrochemical segments.

Sales of motor fuels reached 4.2 million tonnes, representing over 5 billion litres of petrol and diesel. This result was driven primarily by export markets. The petrochemicals segment also recorded dynamic growth, with sales of plastics rising by more than 40 per cent year-on-year.

Retail continued to be a stable pillar of the company’s business and an important point of contact with customers in 2025. Slovnaft operated 239 petrol stations and continued to develop the Fresh Corner concept, which has become a strong brand in the ancillary services and catering segment. Coffee sales once again approached the 10 million-cup mark, and customers purchased more than 7 million hot dogs.

The company continued to invest €137 million, channelling funds primarily into improving production reliability, process efficiency and projects supporting the transition towards a sustainable future. For 2026, the company has planned investments exceeding 170 million euros. By 2030, the company is assessing the possibility of increasing annual investments to over 300 million euros.

“The results for 2025 reflect the challenging environment in which the European refining sector has been operating. Even during this difficult period, the company has made a positive contribution to the smooth supply of products to the region and to its energy stability. Despite a sharp decline in profitability, we managed to maintain stable operations thanks to a number of internal measures. We continued to diversify our crude oil processing, develop our petrochemicals business and test alternative feedstocks, including bio-components and recycled inputs. These steps enable us to reduce our carbon footprint whilst remaining competitive in the future. “We have major investment plans ahead of us, which will naturally be influenced by market developments as well as conditions in the domestic economy,” says Gabriel Szabó, Chairman of the Board of Directors and Chief Executive Officer of SLOVNAFT, a.s.

According to an official assessment by the Slovak Financial Administration, SLOVNAFT, a.s. ranks among the country’s most reliable taxpayers. Over the past four years, the company has paid more than one billion euros into the state coffers in direct taxes alone. The company has paid a further approximately one billion euros in employee contributions, emission charges and payments, primarily to state organisations, for the transport of energy carriers.

“We are one of the few companies in Slovakia to have signed a Memorandum of Cooperation with the Slovak Financial Administration. One of the most important conditions for signing it is the company’s high level of reliability in fulfilling its obligations to the state. We have been fulfilling these correctly, properly and on time for years,” added Gabriel Szabó.

2026-03-12 INA completes the Rijeka Refinery Upgrade Project

The Rijeka Refinery has been transformed into one of the most technologically advanced facilities in the region.
The new Delayed Coker Unit (DCU) eliminates the need to import vacuum gas oil (VGO), and the share of diesel in total production is expected to increase by approximately 30 percent.
INA and MOL Group have ensured the long-term sustainable operation of the Rijeka Refinery, strengthening the energy stability of Croatia and the wider region.
INA and the Ministry of Economy of Croatia have signed a grant agreement of up to EUR 15 million for the construction of a green hydrogen production plant at the refinery.

Rijeka, 12 March 2026 – INA has marked the completion of the Rijeka Refinery Upgrade Project. The modernization involved an investment of nearly EUR 700 million, representing the largest single investment in INA’s history and one of the biggest industrial investments in modern Croatia.

With the completion of the construction of the Delayed Coking Unit and associated facilities, the installed processing capacity of the Rijeka Refinery will reach up to four million tons of crude oil per year, as it will now be able to process a broader range of crude, including heavier grades. The key advancement lies in production optimization: the new unit enables significantly higher yields of high-value products from the same amount of crude oil. It is expected that the share of diesel in total production will increase by around 30 percent, which is of strategic importance to the market, especially during the peak tourist season in Croatia.

Production will no longer require the import of vacuum gas oil (VGO), which is on European market predominantly of Russian origin. This further enhances Croatia’s energy security and reduces dependence on imported raw materials.

The ceremony marking the completion of the refinery modernization was attended by representatives of the Government of the Republic of Croatia, the Government of Hungary, ambassadors from several countries, representatives of regional and local communities, and the management of INA and MOL Group. Prior to the ceremony, a Grant agreement was signed with the Ministry of Economy under the National Recovery and Resilience Plan for the construction of a green hydrogen production plant at the Rijeka Refinery, signalling further investments in sustainable development.

Zsuzsanna Ortutay, President of the Management Board of INA, emphasized that the refinery upgrade project represents a strategic milestone for the company: “We will now be able to utilize every barrel of crude oil more efficiently and remain competitive for many years to come. The benefits of this project extend beyond the refinery’s boundaries. For Croatia and the region, it means greater energy security, more stable supply for our customers, and a stronger position for INA as a regional supplier. Moreover, the project is a powerful driver of economic growth and local community development. A modern facility like this will support our transition to a lower-carbon economy. INA is already implementing renewable energy projects, and by the end of the year, a commercial green hydrogen production plant will be built here on site, the first of its kind in Croatia.”

Ante Šušnjar, Minister of Economy of Croatia emphasized the importance of the project for Croatian and regional energy security: “The commissioning of the Delayed Coker Unit at the Rijeka Refinery marks a significant step forward in strengthening Croatia’s energy security and industrial sector. In times of geopolitical instability, robust and reliable energy infrastructure ensures safer supply, a more stable market, and a more resilient economy. We expect the Rijeka Refinery to operate stably, sustainably, and at full capacity, benefitting Croatia’s economy, energy system, and our partners in the region. Croatia will continue to bolster its energy infrastructure and capacities, as a strong energy system leads to a stronger economy, greater national resilience, and enhanced security for our citizens and economy.

Levente Magyar, Deputy Minister of Foreign Affairs and Trade of Hungary, stressed that this is about common energy security: “This is a great day for Croatia. This is a great day for Hungary. This is a great day for the energy security of our region because we deeply believe that energy security in this region is indivisible. Croatia cannot have energy security without Hungary having energy security, and Hungary cannot have energy security without Croatia. And this great investment of historical proportion embodies this indivisibility and will be a guarantor of our joint energy security, especially in these troubled times. This is a historical step in the right direction of reinforcing our joint and common energy sovereignty and energy security.”

The Rijeka Refinery upgrade is part of a long-term investment cycle, during which INA and MOL have invested more than EUR 1.3 billion in modernizing refinery and logistics infrastructure in last 12 years.

József Molnár, CEO of MOL Group, highlighted: “Today marks the beginning of a new chapter in INA’s refining activities. We have completed the construction phase of the largest industrial investment project ever undertaken by INA and by Croatia. But the work is only just beginning. The global energy market remains fragile, so we must do everything possible to ensure high productivity and make Rijeka one of Europe’s most efficient refineries. Our interest is clear: we want a strong INA. And a strong INA means a stronger Croatia, a more reliable energy supply for the region, and a stronger MOL Group.”

The scale of this engineering and construction achievement is best illustrated by the figures behind the new refinery landscape. More than 10,000 tons of steel were used in the construction of new units, equivalent to nearly one and a half Eiffel Tower structures. The project consumed 60,000 cubic meters of concrete, enough to build a medium-sized soccer stadium. More than half of the work, valued at nearly EUR 700 million, was carried out by domestic contractors. With the completion of the project, INA has secured long-term sustainable refinery operations in Rijeka, continuing to significantly contribute to economic growth, development, and employment stability throughout the wider Rijeka area.

About green hydrogen project

With the aim of diversifying its traditional portfolio with renewable energy sources, INA is investing over EUR 60 million in the construction of a green hydrogen production and distribution plant at the Rijeka Refinery. Alongside a 10 MW electrolyzer, an accompanying 11 MW solar power plant will be built. The green hydrogen produced will be intended for the market, primarily for transportation, and can also be utilized in the refinery’s own production processes. Completion of the works is planned for the end of 2026, with the first molecules of green hydrogen expected to be produced in 2027. The grant agreement under the National Recovery and Resilience Plan, for up to EUR 15 million, was signed on behalf of INA by the President of the Management Board Zsuzsanna Ortutay and Management Board member Hrvoje Šimović, together with Minister of Economy Ante Šušnjar and Director of the Environmental Protection and Energy Efficiency Fund Luka Balen.

2026-02-20 Strong Downstream and Consumer Services supported MOL Group results in the fourth quarter of 2025

Upstream performance decreased with slight production growth amid adverse external environment
Downstream showed year-on-year growth in the fourth quarter, as strong refining margins more than offset the impact of lower crude processing volumes
Consumer Services results were supported by one-off items as well as organic growth.
Circular Economy performance was supported by seasonality, favorable external effects and internal efficiency efforts
Profit before tax reached USD 1.3 billion in 2025, representing 11% decrease compared to 2024
MOL sets 2026 profit before tax guidance at around USD 1.5 billion.

Budapest, 20 February 2026 – Today, MOL Group disclosed its financial results for the full year as well as the fourth quarter of 2025. A more challenging macroeconomic and price environment weighed on Upstream performance, while strong Downstream and Consumer Services results supported overall profitability. Profit before tax reached USD 1.3 billion in 2025, representing a change of 11% decrease compared to 2024.

Chairman and CEO Zsolt Hernádi commented the results: “The strong financial results of 2025 confirm that MOL Group can deliver value even under increasingly difficult conditions. In a year marked by supply disruptions, geopolitical uncertainty and operational challenges, MOL ensured continuous operation and energy security across the region. I am very pleased to see the further improvement of our internal efficiency, especially in the Circular Economy business.

In the last quarter of 2025, we also reached several important milestones: we decided to transition to a holding structure, further strengthened our renewable portfolio in Hungary, and our hydrocarbon production neared 100 mboepd, reflecting the resilience of our integrated business model.

At the same time, the fire at the Danube Refinery and the serial outages of the Druzhba pipeline once again highlighted the challenges of energy supply in landlocked countries. Recent events highlighted again that our energy sovereignty depends on the diversity of our crude resources, at least two commercially viable transportation routes and on the cooperation with Governments who understand the interest of the region. We are even more determined to stand up for the interests of the region and we will do everything to keep all our options open to maximize our freedom of choice. And this is for maintaining the region's security of supply ecosystem.”

Downstream performance benefited from a strong refining environment resulting in better-than-expected results. Favorable external conditions supported refining margins, which more than offset the impact of lower processed volumes and the weaker year-on-year performance of petrochemicals.

Upstream results were negatively impacted by a lower price environment, as the decline in oil and gas prices more than offset the positive quarter-on-quarter volume trend. Higher production levels were supported by increased output in Central and Eastern Europe and in the Kurdistan region of Iraq. Total hydrocarbon production surpassed 99.4 mboepd in Q4 2025. For the full year, production averaged 94.7 mboepd, surpassing the annual guidance of 92-94 mboepd. Looking into 2026, production is seen set to increase further, to 95-97 mboepd.

Consumer Services keeps its upward trend and the results were driven by one-off factors and growth on both the fuel and non-fuel sides of the business. Fuel margins strengthened overall, supported by strong performance in Croatia and Romania, while non-fuel margins made a positive contribution to Q4 2025 results. Results were further supported by a favorable foreign exchange effect following the appreciation of the Hungarian forint. Growth in both sales and margins was supported by the continued rollout of the Fresh Corner brand, with the number of units reaching 1,409 by the end of Q4 2025, up 2.7% quarter on quarter and 6% year on year. Non-fuel margin represented 35.6% of total margin in Q4 2025.

Circular Economy Services delivered a positive contribution to Q4 2025 results, driven by seasonality, favorable external effects and internal efficiency efforts. The Deposit Refund Scheme set-up was largely completed during the year, with redemption available at nearly 5,300 locations, and two bulk-feed machines put into operation in 2025. In its first full year of operation, the beverage packaging return ratio reached 88.8%, with around 3 billion containers collected.

Gas Midstream performance remained flat year on year, as higher transmission demand was offset by lower regulated tariffs. External conditions were slightly less favorable than a year ago, while transmitted volumes remained strong throughout the period.

2026-01-20 MOL signed Heads of Agreement to acquire majority ownership of Serbian NIS

Budapest, 20 January 2026 – MOL Group has signed a binding Heads of Agreement with Gazprom Neft to acquire its 56.15% stake in the Serbian Naftna Industrija Srbije (NIS) corporation. Once the transaction is completed, MOL will assume significant shareholder responsibilities and control rights in the company operating Serbia’s only refinery, this way further strengthening its presence in the Central and Southeastern European energy market. Besides the oil refinery in Pancevo NIS also has a retail network and holds an exploration and production portfolio.

The transaction, to be completed after the fulfilment of conditions set out in the Heads of Agreement including obtaining the necessary regulatory approvals, can ensure the long-term, stable operation of the Pancevo refinery and the related business units, as well as the uninterrupted supply of the region’s energy markets.

“As a reliable regional energy provider, we would like to contribute to the development of Central and Southeastern Europe. We have maintained excellent professional cooperation with our Serbian partners for many years. MOL is committed to working together with the Serbian government to further strengthen the security of supply in Serbia and in the region. The energy sovereignty of landlocked countries requires the cooperation of strong local refineries that operate predictably and successfully and the involvement of strong partners. Therefore, the MOL Group is in negotiations with ADNOC, the national oil company of the United Arab Emirates, to join the owners of NIS as a minority shareholder, while retaining MOL's majority ownership and control. We are ready for the task and will continue discussions with our partners." – said Zsolt Hernádi, Chairman and CEO of MOL Group.

The completion of the transaction requires, among others, the approval of OFAC (the United States of America’s Office of Foreign Assets Control) and other Governmental and State approvals in Serbia. The Heads of Agreement set out the key terms of the sale and purchase agreement, including the timeline for the due diligence of NIS and the application for regulatory approvals. The parties aim to sign the sales and purchase agreement by 31 March 2026.

The Pancevo refinery has a history spanning more than half a century. The plant started operating in 1968, and since then, it has been playing a key role in Serbia’s energy supply. Over the past decade and a half, the refinery has undergone comprehensive modernisation in several phases. With its refining capacity of nearly 4.8 million tonnes/year, it primarily produces Euro-5 quality diesel and gasoline fuels compliant with EU standards, liquefied natural gas, petrochemical products, heating oil, bitumen, and other petroleum products.

In addition to the refinery’s technological advancement and its product portfolio, the wholesale, logistical and retail network of NIS also align with MOL Group’s regional portfolio. The company operates nearly 400 service stations across Serbia, Romania, and Bosnia and Herzegovina; thus, the transaction can further strengthen MOL’s consumer-centric strategy.

NIS has a significant asset portfolio in exploration and production as well. The company has approximately 173 million barrels of oil equivalent 2P reserves with daily crude and gas production in Serbia exceeding 20 thousand barrels of oil equivalent per day. It also holds exploration licences in Romania and Bosnia and Herzegovina.

2025-12-05 Slovnaft's longest-serving CEO, Oszkár Világi, is stepping down from the company's management. Gabriel Szabó becomes the new CEO and Chairman of the Board of Directors of Slovnaft

Bratislava, December 5, 2025 – After two decades, SLOVNAFT, a.s. is undergoing a significant change at the highest level of management. Oszkár Világi, Chairman of the Board of Directors and the longest-serving CEO in the company's history, is leaving the executive management. Gabriel Szabó will take over as CEO and Chairman of the Board of Directors of SLOVNAFT, a.s. in December 2025. Oszkár Világi will remain active within the MOL Group as a member of the highest Executive Committee and as a member of the Board of Directors of MOL. Marek Senkovič will continue in his current position as Executive CEO and member of the Board of Directors of SLOVNAFT, a.s.

Oszkár Világi played a key role in the MOL Group's entry into Slovnaft and the subsequent integration of the two companies. In 2006, he became CEO and three years later also Chairman of the Board of Directors. Under his leadership, Slovnaft weathered the global financial crisis, the COVID-19 pandemic, and the impact of the war in Ukraine. At the same time, the company implemented the largest investment program in its history, worth almost two billion euros, modernized the Adria oil pipeline, commissioned the key LDPE4 petrochemical unit, and transformed its network of filling stations with the Fresh Corner concept. It also strengthened its position in the region and expanded its activities to the Czech Republic and Poland.

The new CEO and Chairman of the Board of Directors, Gabriel Szabó, is one of the most experienced managers in the MOL Group. In addition to his new responsibilities at Slovnaft, he will continue to serve as Vice President of the MOL Group for Downstream.

Oszkár Világi

Oszkár Világi graduated from the Faculty of Law at Comenius University in Bratislava in 1985. In 2002, he was part of the strategic partnership between Slovnaft and MOL. In 2003, he became a member of Slovnaft's Supervisory Board and in 2005 a member of its Board of Directors. He has been CEO of Slovnaft since 2006 and Chairman of the Board of Directors since 2009. Since 2010, he has held several senior positions within the MOL Group. He is currently a member of the highest Executive Committee (CEC), deputy CEO of the MOL Group and a member of the Board of Directors of MOL.
https://molgroup.info/en/about-mol-group/chief-executives-committee

Gabriel Szabó

Gabriel Szabó graduated in 1999 from the University of Economics in Bratislava and the Faculty of Business Administration in Košice. He joined SLOVNAFT, a.s. in 2001 and has held several management positions in Slovakia and abroad. He served as CFO of the subsidiary SLOVNAFT MONTÁŽE A OPRAVY a.s., Director of Corporate Services at SLOVNAFT, a.s., later as Director of Procurement at INA in Croatia and Vice President of Corporate Services at the MOL Group in Budapest. He has been a member of the MOL Group Management Committee since February 2019 and Executive Vice President of MOL Group for Downstream since 2020. From 2010, he served on the Board of Directors of SLOVNAFT, a.s. and was its Vice Chairman.
https://molgroup.info/en/about-mol-group/management-committee

2025-09-23 Slovnaft has reassessed the capacity and composition of waste for CEZO

The total capacity of the Waste Energy Recovery Centre (CEZO) will be reduced by 30% compared to the original proposal, to 220,000 tonnes per year.
Slovnaft is also changing the ratio of waste types processed, with greater emphasis on industrial waste
The company considers reports of planned waste imports from Hungary to be a hoax

Bratislava, 22 September 2025 – After thorough discussions with expert partners and reflecting the requirements of the Ministry of the Environment of the Slovak Republic and the wider public, SLOVNAFT, a.s. has modified its original plan for the Waste Energy Recovery Centre (CEZO). The project is undergoing fundamental changes in two parameters. The total capacity of the facility will be reduced by 30% to 220,000 tonnes per year, and the ratio of municipal and industrial waste will also change. Under the new plan, CEZO will focus more on industrial waste, for which Slovakia currently lacks adequate solutions. According to the latest calculations, the total investment in CEZO is estimated at €320 million.

The decision to reduce capacity is a direct response to comments from the public and state authorities, particularly regarding the issue of waste availability. Although several studies and discussions with partners have confirmed that there will be sufficient municipal waste in the future, Slovnaft respects the reservations of the parties involved and is committed to reducing CEZO's capacity. The new structure of processed waste anticipates that approximately 54% will be municipal waste, 35% industrial waste and 11% liquid waste, mainly sludge.

"The decision to reduce capacity and strengthen the focus on industrial waste is proof that Slovnaft listens to its partners, the public and experts from the Slovak Ministry of the Environment. Our ambition is to deliver a solution that is environmentally safe, economically sustainable and beneficial to Slovak industry and society," said Marek Senkovič, CEO of SLOVNAFT, a.s.

The construction of CEZO is planned in the industrial area of the refinery with the aim of maximising the energy potential of the facility, as well as the existing infrastructure, resources and safety features. These measures include a hydraulic groundwater protection system consisting of a network of 799 wells, which protects the groundwater under and around the refinery site from contamination. CEZO will be capable of processing sludge from industrial and municipal wastewater treatment plants. In combination with Slovnaft's existing mechanical-chemical-biological wastewater treatment plant (MCHB ČOV), it will create a comprehensive system for the management of liquid waste and industrial wastewater. If necessary, this system can also be used by other industrial companies or local authorities, for example to address environmental burdens.

CEZO will be equipped with state-of-the-art technology that complies with BAT (Best Available Techniques) principles.

Pollutants will be captured in a multi-stage separation system, ensuring that only minimal emissions are released into the atmosphere. The quality of emissions will be continuously monitored and the results will be made available to the relevant authorities. According to the conclusions of the studies documented in the EIA process, the facility will not have a significant negative impact on the environment. The company has updated the key studies as part of the EIA process.

CEZO will process only non-recyclable waste, which currently ends up in landfills or incinerators without the heat generated being utilised. It will be able to produce so much energy from waste that it will be able to double the current heat supply for Bratislava. Slovnaft would thus be able to supply a quarter of Bratislava with heat produced from non-fossil fuels. By replacing natural gas, it will save approximately 70,000 tonnes of CO₂ per year, which corresponds to the emissions of more than 50,000 passenger cars. The project will create dozens of new jobs, and the €320 million investment will strengthen the Slovak economy.

CEZO will contribute to fulfilling Slovakia's environmental commitments to the EU, reduce dependence on fossil fuels, improve industrial waste management and contribute to the commitment to reduce municipal waste landfilling from the current 39% to a maximum of 10% by 2035. Current statistics show that developed countries that recycle the most waste also recover the most waste.

Slovnaft categorically rejects any speculation about the planned import of waste from Hungary or other countries. The company considers the spread of this false report to be a hoax. The parent company MOL is preparing its own recycling and energy recovery projects in Hungary and Croatia to meet local needs.

Slovnaft informed the public about its CEZO plans at the end of 2023 and has since been undergoing an environmental impact assessment process, during which it is fully cooperating. It plans to replace its existing sludge incinerator from the 1970s with the new CEZO. The completion of construction and subsequent commissioning of CEZO is planned for 2030.

2025-04-09 Slovnaft celebrates 130 years since the first oil refining in slovakia

The emergence of Slovakia´s oil industry is linked to the establishment of the Apollo mineral oil refinery in 1895, which was destroyed by bombing in June 1944
Slovnaft has continued this legacy since 1950s and today stands as one of the most modern refineries in Europe and one of the most valuable Slovak brands
Thanks to the shared history of both refineries, Bratislava has been associated with oil and its refining into other key products for 130 years

BRATISLAVA, 9 April 2025 - This year, Slovnaft celebrates 130 years since the founding of the Apollo mineral oil refinery, which became a symbol of the birth of the oil industry in Slovakia. The decision to build a refinery in Bratislava on 9 April 1895 was a pivotal moment, shaping the region´s development and establishing Bratislava as one of Central Europe´s key oil processing centres.

Construction of the Apollo Refinery began in April 1895 in the Mill Garden by the Danube River, just as Europe was on the brink of the automobile revolution. he refinery initially produced kerosene, later expanding to include lubricants, oils, petrol, paraffin, diesel, candles, and even artificial ice. Apollo became a technological leader, creating the first network of service stations under the APOLLO - NAFTA brand.

After the refinery’s destruction during World War II, Slovnaft took up the mantle of oil refining in the 1950s and has continued to innovate and develop the industry ever since.

"The historical legacy of the Apollo Refinery is an integral part of our identity. We are building on the achievements of six generations who shaped the Slovak oil industry through their determination and innovation. This milestone is not just a celebration of the past, but a strong commitment to the future—a future in which we continue to provide reliable solutions for our customers, partners, and community. We are currently a member of the MOL Group, thanks to which Slovnaft's total investments have reached EUR 3.1 billion since 2000. We implemented the historically largest volume of investments in 2024, in the amount of EUR 330 million," said Marek Senkovič, CEO of Slovnaft.

To celebrate the 130th anniversary of the oil industry in Slovakia, an exhibition documenting key moments from the Apollo refinery's founding to the present-day Slovnaft will be held at the Exhibition Hall of the University Library in Bratislava. The exhibition is open to the public daily from 10:00 a.m. to 6:00 p.m., with free admission.

In recognition of the historical significance of this milestone for Slovakia’s capital, Slovnaft is proud to be the partner of the Bratislava City Days, which will take place on 26-27 April 2025. For the first time in its history, the refinery will open its doors to the public for the weekend. The program will include a guided tour of the remaining Apollo refinery structures, called the "Industrial Walk around Apollo," and a bicycle ride across the five bridges on Slovnaft BAjk bicycles. On Sunday, 27 April, Slovnaft will also host a series of lectures and discussions in the Eco Tent, starting at 16:00, covering life at the refinery and its role in the city. All activities prepared by Slovnaft will be free of charge during the Bratislava City Days. A detailed program, including registration details, will be available at www.bratislavskemestskedni.sk.

Fuel station Apollo - 1940s

A panoramic view of the Apollo refinery, which was part of the city.

View of bombed Bratislava during World War 2

2025-02-12 A significant step for the future. Slovnaft has produced HVO and SAF

SLOVNAFT, a.s., has produced a diesel fuel containing biodiesel of plant origin HVO and a sustainable aviation fuel SAF in a production test
successful production test confirms that Slovnaft is technologically ready for the production of this type of alternative fuels
the quality of the products has been confirmed by the independent specialist laboratory ISOTOPTECH ZRT

BRATISLAVA, 12 February 2025 - Slovnaft, a member of MOL Group, has produced Hydrotreated Vegetable Oil (HVO) and Sustainable Aviation Fuel (SAF) at its Bratislava refinery. The quality of the products has been verified by radioisotope analysis by the independent institute ISOTOPTECH ZRT. Slovnaft has thus confirmed its technological readiness for the production of alternative synthetic fuels, which is part of MOL Group's long-term Shape tomorrow strategy.

Biodiesel HVO of vegetable origin was produced by Slovnaft at the end of last year. "The production test was carried out on a production unit that is also used for the production of conventional diesel fuel. We produced the product using the co-processing method, when we processed both fossil and biological raw material at the same time. We used oil from cashew nut shells as the feedstock," says Róbert Hurný, Director of Downstream Development. The presence of biodiesel in the diesel fuel was confirmed by radioisotope analysis by the Hungarian ISOTOPTECH ZRT laboratory.

In a production test, the company was able to produce biodiesel containing HVO by combining the feedstock biosolids with the fossil component directly during production. Both components were processed simultaneously in the production facility. The result is a fuel that contains two components in the required ratio, namely biodiesel and conventional fossil diesel.

At the same time, Slovnaft Refinery conducted another production test, which produced a sustainable aviation fuel. In this case, the feedstock used was partially refined cooking oil. Sustainable aviation fuel – SAF was also produced by co-processing in a production unit used for the production of standard aviation kerosene. "Also in the case of SAF production, the test can be considered a success. The good news is that we can produce it on our existing production unit," said Róbert Hurný.

The refinery has been preparing for production tests for about a year. "During the tests, we needed to monitor the response of our production facilities to the process. The second part was to analyse the quality of the output product," added Róbert Hurný. By successfully completing the production tests, Slovnaft has shown that it is technologically ready to produce biodiesel of vegetable origin as well as sustainable aviation fuel.

"The fact that Slovnaft has passed this test is a confirmation of our position as an important player in the CEE region. The competence in chemical production that we have acquired over the long history of the company must be preserved and developed in line with where the company is moving and what kind of future we want to create," said Gabriel Szabó, Vice Chairman of the Slovnaft Management Board and Vice President Downstream of the MOL Group.

The production of these types of fuels reflects legislative trends and future developments. Currently, very few refineries in the world produce SAF. Slovnaft has thus become one of the first refineries capable of producing aviation fuel meeting the quality requirements set for SAF. In the context of EU environmental targets, SAF is to account for 2% of total aviation fuel consumption from this year, with this percentage gradually increasing each year. The share of SAF is to increase to 6% by 2030, 20% by 2035 and 70% by 2050. These requirements will apply to all flights originating in the EU, regardless of destination. Slovnaft, as well as the MOL Group, also cooperate with the Faculty of Aeronautics of the Technical University of Košice in the testing of SAF aviation fuel.

About SLOVNAFT Group

SLOVNAFT Group is an integrated refining and petrochemical group. The key company is SLOVNAFT, a.s., which is mainly engaged in the processing of crude oil in one of the most complex European refineries, as well as in the wholesale and retail sale of fuels. Slovnaft operates the largest network of service stations in Slovakia. The company is one of the leaders in CSR and corporate philanthropy, significantly supporting sports, culture, education, youth and environmental revitalisation. Forbes magazine ranked Slovnaft among the most valuable Slovak brands. SLOVNAFT Group is a member of the international MOL Group, whose long-term Shape Tomorrow Strategy aims for carbon neutrality by 2050. The Group aims to focus on renewable fuels, promoting different forms of mobility, green investments and creating value from waste.

Contact persons:
Anton Molnár
Spokesperson and Director of Communications
tel: +421 905 393 161
E-mail: anton.molnar@slovnaft.sk

and

Miroslava Schneider
Communication
tel: +421 901 729 428
E-mail: miroslava.schneider@slovnaft.sk

2024-04-24 Slovnaft refinery ahead of turnarounds scheduled for the coming weeks

extensive inspection of the technical condition, maintenance and replacement of assets are part of the modernization and regular maintenance plan
the refinery follows the plans of its strategy and tries to increase its flexibility in processing different types of oil
the spring period of turnarounds will last approximately three months, the next part of the turnarounds is planned for autumn
as part of turnarounds and technological stops during the spring and autumn, Slovnaft will invest more than 130 million euros

BRATISLAVA, April 23, 2024 – Slovnaft refinery is about to start the spring part of turnarounds in the middle of next week. Shutdowns are planned and necessary to ensure the continued smooth operation of technologies. These are also the first turnarounds since the refinery processes a larger share of alternative types of oil, which requires further investment in projects. In line with the MOL Group's recently updated Shape Tomorrow strategy, this will provide the refinery with greater flexibility in processing different types of oil. 25 production units will gradually be shut down, 22 in the spring phase. Return to full production is planned for the second half of June. The second part of the turnarounds is scheduled for September and October this year.

There will be an extensive inspection of the technical condition and maintenance of the equipment, replacement of used parts with new ones and, in some cases, complete modernization during the turnarounds. The goal is to reduce energy consumption in the production of oil products and increase safety and reliability. Total costs of the turnarounds including the investments will exceed 130 million euros.

"The main goal of the turnarounds is to satisfy inspections mandated by legislation, to clean equipment, to replace catalysts, and to make repairs that cannot be done during operation. These activities are carried out regularly every five years in order to ensure the reliable operation of the production units until the next planned shutdown. After we started processing alternative oil in significant quantities, we plan to activate the prepared projects in order to further increase the flexibility of the refinery," explains Branislav Vinter, Director of Production at SLOVNAFT, a.s.

During the turnarounds there may be an increased noise and odours level, and possible controlled burning on flares. The goal of refinery is to reduce the negative impacts affecting the lives of residents from the vicinity of the refinery to the necessary minimum. That is why the turnarounds are done based on the Turnaround excellence program, the essence of which is the detailed and consistent preparation of each step. This minimizes the risk of unforeseen events and the need for unplanned actions.

Slovnaft will continuously inform about the impact of the works on residents on the website www.slovnaft.sk/gr2024. On top of that, the Yellow Line is available 24 hours a day at 02/4055 8929 and the e-mail address is sused@slovnaft.sk for any questions. The Sused Slovnaft application with all information on works and possible impacts of the turnarounds is also available for people living in the neighbourhood of the refinery.

The main contractor of the works is the subsidiary company "Slovnaft Montáže a Opravy", besides, approximately 1,800 external workers will participate at the turnarounds in Slovnaft. Slovnaft customers were informed in advance, while the retail and wholesale markets will be supplied without restrictions.

About the SLOVNAFT Group

SLOVNAFT Group is an integrated refining and petrochemical group. The key company of the group is SLOVNAFT, a.s., processing crude oil in one of the most complex European refineries and providing the wholesale and retail sale of fuel. Slovnaft operates the largest network of service stations in Slovakia. The company is one of the leaders in Slovakia in the field of CSR and corporate philanthropy, significantly supporting sports, culture, education, youth and revitalization of the environment. Forbes magazine ranked the Slovnaft brand among the most valuable Slovak brands. The SLOVNAFT Group is a member of the international MOL Group, whose long-term Strategy 2030 Shape Tomorrow aims for carbon neutrality by 2050. The Group's goal is to focus on renewable fuels, support of various forms of mobility, green investments and creating value from waste.