MOL inks gas exploration deal in Azerbaijan

2 min read Business, Energy, Hungary, V4 & Romania, Hernadi, MOL, Najaf, SOCAR

Hungary’s MOL Group, along with its joint venture partners, has signed commercial agreements to advance the development of significant gas reserves in Azerbaijan’s Azeri-Chirag-Deepwater Gunashli (ACG) field. MOL, the third-largest shareholder in the ACG field after SOCAR and BP, is working within an amended production sharing agreement framework