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CEMS Students Succeeded in MOL FRESHHH 2015 Competition

MOL Freshhh 2015“JUST ASK SIRI” TEAM of two CEMS/International Management students – Petr Boroš and Filip Biznár – from the University of Economics, Prague and one student of the Czech Technical University in Prague – Jakub Kubiš – won MOL GROUP FRESHHH 2015 competition.

This year the applications for Freshhh increased: 2,210 teams from 70 countries have faced the real-life challenges of the oil and gas industry during the competition period of eight weeks. The top three teams get the opportunity to join MOL Group and the top 3 teams also receive a grand prize of 25,000 Euro.

Budapest, 28 May 2015 – MOL Group proudly announced the winners of the Freshhh 2015 competition. The top five teams out of 2,210 international teams competed against each other at the live final event in Budapest, Hungary. The team “Just ask Siri” with two students from the University of Economics of Prague and one from the Czech Technical University was ranked as the top team of the international online competition Freshhh in 2015. MOL Group, a leading international oil and gas company, is continuously searching for top talents in the oil and gas industry.

We congratulate the top three teams for winning the Freshhh competition 2015. I would like to thank all participants for their endless efforts during the competition. It is incredible to see, how young students work with such difficult real-life cases and always find new solutions. The outstanding results from the participants and number of applications are showing us once more that we are heading in the right direction in order to attract top talents of the oil and gas industry”, said Zdravka Demeter Bubalo, HR Vice President of MOL Group.

In 2015 the top five teams named “Chunters”, “Decore”, “Just Ask Siri”, “Oil’s Creed” and “Upright Solutions” from Croatia, Slovakia/Czech Republic, Hungary, Russia and Slovenia reached the live final event. The students from different scientific fields, varying from chemical engineering to mathematics, had to face different real-life challenges during the three rounds of the competition. They had to build up a new oil corporation from the ground and make decisions on research and development projects to find rich reservoirs, build a refinery for different products and find the best product portfolio to make profit. The top three teams now get the opportunity to join MOL Group.

The first prize goes to the “Just Ask Siri” team (Filip Biznár, Petr Boroš and Jakub Kubiš) from the University of Economics, Prague and Czech Technical University in Prague. “MOL Group is a Hungarian integrated oil&gas company and it is the region’s biggest market player. 9th year of their student competition MOL Freshhh attracted 2210 teams from 68 different countries. There are three rounds of the game and in each round we had to prove different skills. In the first round, we were operating a refinery – we had to optimize the inputs and throughputs according to current market landscape so that the profit is maximized. In the second round we were operating a gas station network in a virtual market together with other teams – this was tricky as we really needed to think strategically and anticipate our competitor’s move. The third round was the final round. We were asked to prepare a presentation on “Impact of the oil price drop on integrated oil companies”. We decided to win this game, so we worked really hard and put about 15 hours a day into preparation. We delivered a professional presentation which was accepted cheerfully by the organizers, journalists, but first and foremost by the jury composed of the MOL Group Board of directors. We won the presentation, strategic game and the audience award. We would like to thank MOL Group for a great competition and we would like to apologize to our friends and relatives for being so busy in the last couple of weeks,”, said the winning team.

Second place goes to Oil’s Creed from Budapest University of Technology and Economics and Corvinus University of Budapest, and the third place goes to “Decor” team from Faculty of Chemistry and Chemical Technology of the University of Ljubljana. MOL Group’s program Freshhh is in line with the corporate strategy: MOL Group attracts top talents through its innovative, award-winning talent acquisition programs.

For more information about the Freshhh program please visit: freshhh.net and facebook.com/molfreshhhh