MOL Group has entered into commercial agreements to extract natural gas from Azerbaijan's ACG field, enhancing its position in the international energy market.
Target Information
The MOL Group is a significant player in the oil and gas industry, operating in various sectors across multiple countries including Hungary, Croatia, Pakistan, Kurdistan, Russia, Kazakhstan, Egypt, Romania, and Azerbaijan. The company focuses on exploration and production, refining, marketing, and distribution of petroleum products, which positions it as a versatile entity in energy markets.
Founded in Hungary, MOL has evolved over the years to become an international group with a resilient infrastructure that supports its market operations. For instance, it has developed a robust downstream segment featuring refineries and logistics systems that enable efficient processing and distribution of products to meet consumer demands.
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Industry Overview in Azerbaijan
Azerbaijan's energy sector is a cornerstone of its economy, largely dependent on oil and gas extraction. This industry has been bolstered by significant discoveries and infrastructure development, notably
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