The Minister of Energy and Natural Resources of Turkey Alparslan Bayractar said that the tender process under the “joint trade agreement” signed between the Turkish oil corporation (TPAO) and Mol Group in 2024 was successfully completed.
“We received the right to exploration of hydrocarbons in the areas of Buzsak and Tamashi in Hungary. Having concluded the” concession agreement “, we officially fixed our partnership in this area,” the minister said.
In his publication on the social network, X Bayractar said that as part of a working visit to the capital of Hungary, he met with the Minister of Foreign Affairs and Foreign Trade of Hungary Peter Siyyarto.
During the meeting, the parties were considered the issues of cooperation in the field of exploration and production of oil and natural gas.
“As a result of this cooperation, the tender process, in which we participated in the” Agreement on Joint Trading “, signed between the National Company of Turkey TPAO and the Hungarian oil company MOL Group in 2024, was successfully completed. Thus, we received the right to exploration of hydrocarbons in the Buzsak and Tamashi on land of Hungary. Having signed today in Budapest. “Concession agreement”, we officially fixed our partnership in this area. “
Bayractar expressed the hope that the signed documents will open new opportunities for both countries.