Hungary invest USD 2 bln in Azerbaijan's energy sector

Hungary invest USD 2 bln in Azerbaijan
# 25 April 2024 12:36 (UTC +04:00)

Investments of the Hungarian MOL company in the energy sector of Azerbaijan amounted to 2 billion dollars, said by Attila Somfai, executive director of MOL Azerbaijan, during the 10th session of the Azerbaijan-Hungary intergovernmental commission held today in Baku, APA-Economics reports.

"Our investments in the energy sector of Azerbaijan amounted to USD 2 billion, despite this, we expect to increase the volume of investments and our long-term cooperation", Attila Somfai noted.

The representative of MOL added that the company established effective cooperation with SOCAR within the framework of the development project of the Azeri-Chirag-Gunashli field block, as well as in the field of supplying lubricants and improving oil refining.

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