(MENAFN- Trend News Agency) BAKU, Azerbaijan, June 1. MOL Group
has invested $2 billion in the oil and gas sector of Azerbaijan,
Executive Vice-President of MOL Group Zsombor Marton said during
the Baku Energy Week, Trend reports.
According to him, the company has invested in the
Azeri-Chirag-Deepwater Gunashli (ACG) project.
"We see the potential for long-term cooperation with
Azerbaijan. Our refineries today can choose which oil to process,
including high-quality Azerbaijani oil," he said.
Marton said that MOL Group believes in long-term
cooperation with Azerbaijan not only within the framework of the
ACG project but also in a number of other areas.
According to him, this includes the exchange of
experience and expertise in the field of recycling of household
waste and recycling.
The Baku Energy Week is taking place in the capital of
Azerbaijan, combining three prestigievents under one brand,
from May 31 to June 3.
The 28th International Caspian Oil&Gas Exhibition (Caspian
Oil & Gas) and the 11th Caspian International Power and Green
Energy Exhibition (Caspian Power) are being held within the
framework of the Baku Energy Week.
Baku Energy Week is traditionally held with the support of the
Ministry of Energy and SOCAR.
MENAFN21092023000187011040ID1106368460
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.