Hungary eyes Kazakh oil and gas sector investments

EPA/ZSOLT CZEGLEDI

An oil drilling rig of MOL in Hosszupalyi, 253 kilometres east of Budapest, Hungary. The Hungarian oil and gas company will soon be completing a geological survey at the north-west of Kazakhstan.

MOL has invested about $200 million in geological survey in Kazakhstan over 10 years


The Kazakh oil and gas sector remains the most attractive area for Hungarian investment, the Ambassador of Hungary to Kazakhstan Andras Baranyi said.

Over ten years, Hungary’s oil and gas company MOL invested about $200 million in geological survey in Kazakhstan. These investments are MOL’s both largest and most productive foreign investments.

In cooperation with a KazMunaiGas subsidiary and China’s oil company, Hungarian MOL will soon be completing a geological survey at the north-w...


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