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SOCAR ready to negotiate with Hungary’s MOL about start of exploration

SOCAR ready to negotiate with Hungary’s MOL about start of exploration
28.06.2016

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The State Oil Company of Azerbaijan (SOCAR) is ready to cooperate with MOL, the largest oil & gas company of Hungary.

Today during the 6th meeting of the Azerbaijani-Hungarian Intergovernmental Economic Cooperation Commission Minister of Foreign Affairs & Trade Péter Szijjártó of Hungary said that MOL will carry out exploration in the Azerbaijani section of the Caspian Sea.

SOCAR Aide to Vice-President Vitaly Beglarbekov, commenting on the statement of the Hungarian minister, said that exact fields where exploration will be conducted have not been specified.

"It is too early to talk about the fields where exploration will be conducted as the Hungarian side so far only expressed common interests. We will negotiate with them, as in this situation the interest should be shown from the Hungarian side. We are ready to work with Hungarian MOL," Beglarbekov said.


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