Romania: Natural gas prices...

On 10 February, natural gas prices on Romania's day-ahead market, operated by the...

Romania: Tuzla-Podisor gas pipeline...

The inauguration of the Tuzla-Podisor gas pipeline marks a significant milestone, with nearly...

Romania: Retele Electrice invests...

In 2024, Retele Electrice Romania, part of the PPC group, invested 240 million...

Montenegro: Household electricity bills...

In January 2025, the average electricity bill for households in Montenegro amounted to...
Supported byClarion Energy banner
HomeSEE Energy NewsRomania: MOL Group...

Romania: MOL Group and TPAO forge strategic partnership for hydrocarbon exploration

Hungarian MOL Group has signed a Memorandum of Understanding (MoU) with Turkish Petroleum Corporation (TPAO) to establish a strategic partnership focused on hydrocarbon exploration and exploitation. Following successful joint international projects, the two companies aim to enhance their collaboration, potentially exploring new opportunities in Turkey and other regions.

The MoU outlines their intention to combine their experience, technical and commercial expertise, advanced techniques, and financial resources for joint investments. It also emphasizes the possibility of participating together in exploration, field development, and production projects across various regions, including the Caspian Sea, Turkey, North Africa, the Middle East, and Central and Eastern Europe.

Zsolt Hernadi, Chairman and CEO of MOL Group, expressed that this new strategic partnership builds on a decade of successful cooperation between the two companies in international exploration and production. He noted that the partnership in oil and gas exploration would enhance MOL’s international portfolio and contribute to the energy security and competitiveness of Central and Eastern Europe.

MOL Group and TPAO have previously collaborated as joint venture partners in hydrocarbon exploration and production projects, including Azerbaijan’s Azeri-Chirag-Deepwater Gunashli (ACG) field and the Baitugan field in Russia.

This strategic partnership aligns with MOL Group’s updated strategy, SHAPE TOMORROW. To maintain a daily production level of at least 90,000 barrels of oil equivalent per day over the next five years, the Exploration and Production division plans to strengthen its international portfolio and develop strategic partnerships.

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Romania: Natural gas prices surge to highest level since December 2022

On 10 February, natural gas prices on Romania's day-ahead market, operated by the Romanian Commodity Exchange (BRM), spiked to over 90 euros/MWh, reaching the highest level since December 2022. The surge also saw a two-year record for transaction volume,...

Romania: Tuzla-Podisor gas pipeline inaugurated, set to benefit half a million households

The inauguration of the Tuzla-Podisor gas pipeline marks a significant milestone, with nearly half a million households and public institutions set to benefit from natural gas supply. ANRE Vice President Mircea Man highlighted that the pipeline, part of Romania’s...

Romania: Retele Electrice invests 240 million euros in network modernization in 2024

In 2024, Retele Electrice Romania, part of the PPC group, invested 240 million euros to modernize and strengthen its electricity distribution network, with 190 million euros from its own funds. The projects focused on the Muntenia Sud, Banat, and...
Supported bySEE Mining News
error: Content is protected !!