MOL and MVM Partner to Diversify Oil Supplies to Hungary and Slovakia

MOL and MVM Partner to Diversify Oil Supplies to Hungary and Slovakia

Hungary’s MOL Group and MVM Group have entered into a new oil trade agreement aimed at further diversifying energy supplies in Central Europe—particularly in landlocked countries like Hungary and Slovakia. According to a joint statement on Thursday, the cooperation will enable MOL to process up to 160,000 additional tons of alternative crude oil annually in its refineries. The crude oil, sourced from the Caspian region, is shipped via the Baku–T…

New agreement expands capacity, promotes diversification, and connects infrastructure

MOL, MVM to Jointly Charter Oil From Azerbaijan to Central Europe

Hungarian oil and gas group MOL and state-owned energy company MVM will jointly charter tankers to ship up to 160,000 metric tons of crude oil a year from Azerbaijan to further diversify energy supply for Hungary and Slovakia, MOL said on Thursday.The companies will both transport crude oil to the C

MVM and MOL sign oil trading agreement

The MOL Group and the MVM Group have entered into an oil trading agreement aimed at further diversifying the region’s energy supply portfolio, with a particular focus on landlocked Hungary and Slovakia. Through this cooperation, MOL could increase the volume of alternative crude oil processed in its refineries by up to 160,000 tonnes per year. Both companies will transport crude oil from the Caspian region to the Ceyhan terminal in Türkiye via t…

MOL has signed a contract with MVM, allowing it to access more Azerbaijani crude oil than before.

Here's Hungarian oil and gas giant MOL's big announcement concerning non-Russian oil

Hungarian oil and gas company MOL on Thursday said it signed an oil trading agreement with state-owned energy company MVM Group. The agreement aims to further diversify the region’s energy supply portfolio, with a focus on landlocked Hungary and Slovakia, MOL said. Through the cooperation, MOL could increase the volume of alternative crude processed at its refineries by up to 160,000 tonnes per year, it added. MOL CEO Zsolt Hernádi. Photo: MTI M…