BAKU, Azerbaijan, October 17. Hugary's MOL Group has signed a Memorandum of Understanding with Turkish Petroleum Corporation to support each other in the future as strategic partners in the exploration and production of hydrocarbons, Trend reports via MOL Group.
"With the agreement, which is in line with our long-term SHAPE TOMORROW strategy, we are opening a new chapter in our decade-long history together," said the company.
MOL Group said its goal is to keep the dally production volumes at a minimum 90 kboepd level throughout the next 5 years and the company's Exploration and Production division will do everything to further strengthen its international portfolio.
"We aim to establish strategie partnerships that help us contribute to the energy supply security and competitiveness of Central and Eastern Europe," said the company.