Hungarian oil and gas firm MOL Nyrt. (MOL.BU) may start oil production in Kazakhstan in 2015, the Chief Executive Zsolt Hernadi told Hungarian state news agency MTI in Astana, Kazakhstan, Thursday.

MOL has invested $100 million so far in Kazakhstan and needs to invest around $250 more to be able to start production of a resource that amounts to approximately 200 million barrel of oil equivalent, mostly found last year.

MOL owns 27.5% of a local project and is the leader of the research there.

-By Veronika Gulyas, Dow Jones Newswires; +361-267-0623; veronika.gulyas@dowjones.com