Mikayil Jabbarov, Azerbaijan’s Minister of Economy met Tuesday with Zsolt Hernádi, Chairman and CEO of Hungary's MOL Group during the Zsolt Hernádi.

The sides praised the fruitful cooperation between Azerbaijan and the MOL Group, emphasizing the importance of energy security and diversification of energy sources, and the Azerbaijan’s role as a reliable partner in this context.

They touched upon the Company’s operations in Azerbaijan and opportunities for future cooperation.

The meeting also explored avenues for expanding cooperation between MOL and SOCAR, as well as exploring opportunities to diversify joint projects in the energy sector.

MOL Group is an international integrated oil, gas, petrochemicals, and consumer retail company operating in over 30 countries. As the third-largest shareholder in the Azeri-Chirag-Gunashli project, the company holds exploration and production assets in nine countries, including Azerbaijan.