News
23 December 2025

MOL, SOCAR sign Azerbaijan upstream PSA

In:
Oil & gas
Region:
Asia-Pacific

Hungary’s MOL Group and Azerbaijan’s state-owned energy firm SOCAR have agreed a production sharing agreement (PSA) for the exploration and production of hydrocarbons in the Shamakhi-Gobustan area of Azerbaijan. MOL will act as operator holding a 65% interest, while SOCAR will have...

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