Kazakhstan, Hungary agreed on oil supply, joint energy projects

The Kazakh capital Astana hosted Monday a meeting of Kazakhstan’s Energy Minister Almassadam Satkaliyev with Minister of Foreign Affairs and Trade of Hungary Péter Szijjártó, Kazinform News Agency reports.

Hungary
Photo credit: Kazakh Energy Ministry

The meeting focused on the current state and prospects for developing both countries’ energy sector. Special attention was placed to cooperation between KazMunayGas and MOL Group in the gas and oil sector.

The importance was stressed to develop efficiently the gas condensate field Rozhkovskoye, in which both companies are involved. Supply of Kazakhstani oil to Hungary through Druzhba pipeline was discussed, with the sides agreed on trial supplies in 2025.

The Kazakhstani side expressed the interest in Hungary’s experience in producing dry cooling towers for nuclear power plants, especially those used by MVM Group.

Following the meeting, the readiness was expressed to further promote mutually beneficial relations in the energy sector and the plans were drawn up to carry out the agreements reached.

As earlier reported, Kazakhstan and Hungary are to join forces in nuclear studies. 

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