MOL signs deal with Azerbaijan's SOCAR for joint onshore exploration and production project
ReutersDec 17, 2025 9:15 AM
Dec 17 (Reuters) - MOL Nyrt MOLB.BU says in an emailed statement:
HUNGARY MOL GROUP AND AZERBAIJAN'S SOCAR SIGNED ONSHORE EXPLORATION AND PRODUCTION SHARING AGREEMENT
MOL GROUP AS OPERATOR HAS 65% STAKE AND SOCAR HAS 35% IN THE JOINT ONSHORE EXPLORATION PROJECT
AGREEMENT IS FOR AN ONSHORE AREA IN THE SHAMAKHI-GOBUSTAN REGION OF AZERBAIJAN
SEISMIC SURVEY SCHEDULED TO START IN EARLY 2026
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