BAKU, Azerbaijan, July 26. The President of the State Oil Company of the Republic of Azerbaijan (SOCAR), Rovshan Najaf, has met with Hungarian MOL Group Strategic Operations and Corporate Development Executive Vice President, Board Member Gyorgy Bacsa, Trend reports.
Commendable relations between two countries were emphasized by the parties, which promote successful bilateral and multilateral cooperation between Azerbaijan and Hungary, where the lion's share falls to the energy sector.
The successful participation of MOL Group in the projects of the main export pipelines Baku-Tbilisi-Ceyhan and Azeri-Chirag-Deepwater Gunashli, as well as a significant contribution to the development of the oil and gas industry of Azerbaijan, were specifically cited as reasons for satisfaction.
The meeting also included a discussion of other topics of shared interest and looked at both current and future possibilities for cooperation between the parties.
It is noteworthy that 9.57 percent of the Azeri-Chirag-Gunashli block is owned by MOL Group.
Total ACG production for the full year of 2022 was on average about 415,400 barrels per day (b/d) (about 152 million barrels or 20 million tons in total) from the Chirag (25,200 b/d), Central Azeri (104,100 b/d), West Azeri (106,400 b/d), East Azeri (64,000 b/d), Deepwater Gunashli (76,300 b/d), and West Chirag (39,400 b/d) platforms.