Kazakhstan, Hungary agree on oil supply, joint energy projects

By Alperen Aktas

ISTANBUL (AA) - Kazakhstan and Hungary have agreed on oil deliveries and joint energy projects on Monday following a meeting between Kazakh Energy Minister Almasadam Satkaliyev and Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto in Astana.

During the meeting, the ministers discussed bilateral cooperation in the energy sector, including the current state and future prospects of their countries’ energy industries, according to the Kazakh Energy Ministry.

The officials highlighted the importance of efficient development at the Rozhkovskoye gas condensate field, in which companies from both countries are involved.

They also addressed the issue of supplying Kazakh oil to Hungary via the Druzhba pipeline, reaching an agreement on trial deliveries by 2025.

Kazakhstan also expressed interest in Hungary’s experience in producing dry cooling towers for nuclear power plants, particularly those used by MVM Group.

“Kazakhstan highly values its strategic partnership with Hungary. We see great potential to expand energy cooperation, both in the oil and gas sector and in the peaceful use of nuclear energy. I am confident that our joint efforts will contribute to the stable development of our countries’ energy systems and strengthen energy security,” Satkaliyev said.