A new oil field has been discovered in Hungary
Hungarian oil and gas company MOL reported that it has discovered a new field in the central part of the country, from which about a thousand barrels of oil per day can be extracted.
"MOL together with the Hungarian company O&GD Central Kft. conducted successful drilling in Central Hungary, near the village of Tura. The new field currently produces about a thousand barrels of oil per day, OGD and MOL own it in the proportion of 51%-49%. For MOL, this means approximately 500 barrels per day, which is approximately 1% of the average daily oil production of the MOL group in 2023," the company said in a statement.
Energy
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At a meeting in Istanbul, the board of directors of SOCAR Türkiye discussed the company’s goals and projects for the upcoming year, SOCAR Türkiye reported.
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As of January-November 2024, Azerbaijan’s electricity production totaled 23.55 billion kWh, by 2.2% lower than in the same period last year.
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From January to November 2024, Azerbaijan exported 1.745 billion kWh of electricity worth $93.9 million, the monthly report of the State Customs Committee of Azerbaijan. This is by $285.4 million (75.2%) less than in the same period last year and 2.178 billion kWh (55.5%) less in volume. Electricity exports during the reporting period accounted for 0.39% of Azerbaijan’s total exports and 3.04% of non-oil sector exports.
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Türkiye has received an exemption from the United States for "Gazprombank" in relation to payments for Russian gas, the NTV channel reported citing a statement by Türkiye's Minister of Energy, Alparslan Bayraktar. It is noted that this issue was previously discussed with U.S. Secretary of State Antony Blinken during his visit to Türkiye.
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