Energy Security

Hungary's MOL signs new long-term oil agreement for Azeri crude

Supply agreement with MVM Group secures about 1.2 million barrels of Azeri crude per year from the Shah Deniz development in the Caspian Sea

Alpha production platform at the Shah Deniz field in the Azerbaijan's sector of the Caspian Sea — Alpha production platform at the Shah Deniz field in the Azerbaijan's sector of the Caspian SeaPhoto: BP

Vladimir Afanasiev

European Correspondent

Published 22 May 2025, 14:13Updated 22 May 2025, 14:13

MOL MVM Group Shah Deniz Azeri-Chirag-Guneshli Hungary