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Hungarian company invests $2 billion in Azerbaijan's oil sector
Baku/02.06.23//Turan: Over the past three years, the investments of the Hungarian company MOL in Azerbaijan over the past three years amounted to $2 billion, Executive Vice President of MOL Group Zhombor Marton said.
"Over the past 3 years, MOL's investments in Azerbaijan amounted to $2 billion, mainly in the oil sector. These are the Azeri-Chirag-Guneshli mining project and the main export oil pipeline of Azerbaijan Baku-Tbilisi-Ceyhan. Moreover, expect the long-term nature of our cooperation," Marton said at the Baku Energy Forum.
"Our refineries today can choose which oil to process, including high-quality Azerbaijani oil. Our refinery in Slovakia used Russian oil as a raw material for processing. Now we are importing oil from Azerbaijan for this enterprise and our other refineries in Central Europe with a total capacity of 14 million tons," he said.
Currently, the share of MOL in the ACG and Baku-Tbilisi-Ceyhan project is 9.57% and 8.9%, respectively. -0-
Energy
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