Starts of the Kazakh-Hungarian flagship investment project

Budapest, 22 December, 2023 - Zhanibek Abdrashov, the Ambassador of Kazakhstan in Hungary and Csaba Marosvári, Deputy State Secretary for Energy Security of the Ministry of Foreign Affairs and Trade of Hungary, as well as Marton Zsombor, the Executive Vice President of "MOL Group" took part in the official opening ceremony of the gas condensate field "Rozhkovskoye" with the participation of the Prime Minister of the Republic of Kazakhstan A.Smailov at the headquarters of "MOL" via teleconference. 

Following the teleconference, the Ambassador held a meeting with counterparts, during which the parties discussed the state and prospects for the development of bilateral relations in the energy sector, as well as paid special attention to the discussion of joint projects in the application of high technologies in the petrochemical industry.

The gas condensate field was discovered in 2008 as a result of a wide range of geological exploration works. It is planned to produce 14.2 billion cubic meters of raw gas and 7.1 million tons of condensate by 2040. The potential production volume is up to 1 billion cubic meters of gas per year.

The participants in the joint project are JSC NC KMG - 50% (Kazakhstan), “MOL Group” - 27.5% (Hungary), FIOC - 22.5% (China).

It should be noted that the international oil and gas company "MOL Group" is included in the list of the world's largest companies "Forbes Global 2000" and has already invested about $ 200 million in the oil and gas industry in Kazakhstan.