Hungary is confident in the prospects of cooperation between the State Oil Company of Azerbaijan (SOCAR) and Hungarian company MOL.
Hungarian ambassador to Azerbaijan Imre Laslotski has stated that MOL has something to offer SOCAR within the framework of such cooperation.
"MOL has advanced experience in the drilling, and the Company is capable of drilling wells to a depth of at least 6,000 m. It also has a base for training of specialists. In our view, there are no barriers to cooperation, and now it is needed to form it in the agreement," the diplomat said.
MOL is ready to conduct exploration in the Azerbaijani sector of the Caspian Sea. However, exact fields to be covered by exploration have not been defined.