The MOL Group and the MOL Group have entered into an oil trading agreement aimed at further diversifying the region's energy supply portfolio, with a particular focus on landlocked Hungary and Slovakia. Through this cooperation, MOL could increase the volume of alternative crude oil processed in its refineries by up to 160,000 tonnes per year. Both companies will transport crude oil from the Caspian region to the Ceyhan terminal in Turkiye via the Baku-Tbilisi-Ceyhan (BTC) pipeline from where it will be distributed to MOL Group's markets.
MOL Group has been working with Azeri crude oil for several years. In 2020, the company acquired a stake in the Azeri-Chirag-Gunashli (ACG) oil field, from which it supplied 5 million barrels of crude to the region last year. The MVM Group entered the Azeri region as an investor in 2024, acquiring a 5% stake in the production sharing agreement for the Shah Deniz gas and condensate (crude oil) field.
To further diversify the region's energy supply, MOL purchases an average of 100,000 barrels of crude oil per month from the Shah Deniz deep-water gas field in Azerbaijan. The commercial cooperation between MOL and MVM represents an annual volume equivalent to approximately two tanker shipments of Azeri crude for the region - in addition to the one shipment per month that MOL was already importing. MOL has been committed to diversifying the region's energy Supply portfolio for several years.
Even before 2022, the company invested USD 170 million in the development of the Adria pipeline and related infrastructure to strengthen the region's energy security by ensuring at least two viable supply routes. Since then, MOL has tested 14 different alternative crude oil grades and continues to work on increasing technological flexibility across its refineries.
