MOL: USD 100 million interim insurance payment for Danube Refinery fire
Key highlights
- Consortium of insurers issued an official admission of liability document for the Danube Refinery fire.
- MOL expects to receive USD 100 million as a first interim insurance payment in July 2026.
- Reparation works are expected to finish and the refinery to return to full capacity by the end of Q3 2026.
- The AV3 crude distillation unit, damaged in the October 2025 incident, is a key asset whose outage has significantly constrained operations.
Insurance admission and interim payment
Based on the ongoing lost opportunity assessment of the fire incident affecting the Danube Refinery’s AV3 crude distillation unit in October 2025, the consortium of insurers has issued an official admission of liability document. As part of the loss adjusting process's first milestone, MOL expects to receive USD 100 million as a first interim payment in July 2026.
Repair timeline
MOL continues to expect that the reparation works will be finished and the Danube Refinery will return to full capacity in the end of the third quarter of 2026.
Operational impact
The AV3 crude distillation unit is a key production asset of the Danube Refinery, and its outage has significantly constrained refinery operations since the incident.
Source: MOL Group
