The Memorandum of Understanding “On exploration, development and production in the Shamakhi-Gobustan field” was signed between the State Oil Company of Azerbaijan (SOCAR) and the company “MOL Hungary Oil and Gas”.
Oku.Az This was reported by SOCAR.
It was reported that under the MoU the parties will cooperate to further increase Azerbaijan’s hydrocarbon production.
The signing of the document took place during the meeting of SOCAR President Rovshan Najaf with Zsolt Hernadi, President and CEO of MOL Hungary Oil & Gas.
