In recent months, MVM has appeared on the international energy market as an owner and seller of 800 million cubic meters of gas, and Mol as an owner and seller of five million barrels of oil, since MVM holds ownership in one of Azerbaijan’s largest gas fields and Mol in a major oil field.
– Mr. Szijjarto recalled. He also confirmed that the parties have agreed that these two major Hungarian energy companies can acquire further ownership stakes in Azerbaijani oil and gas production. The minister noted that Mol is very close to finalizing an agreement to participate in a new large onshore oil and gas field, while MVM is also days away from a deal in a major renewable energy project.
The expansion of Mol’s and MVM’s ownership in Azerbaijan will further strengthen Hungary’s position in the international energy market, which is important because Brussels continues to weaken Hungary in this area,
– he noted. Finally, the foreign minister highlighted that Azerbaijan “is the best example of the saying that Hungarians are not right, but will be right.” “I personally remember organizing the prime minister’s first visit to Baku fifteen years ago, when almost all Western Europeans treated us like fools, mocked us condescendingly, and, of course, criticized us, saying that a "meeting of dictators" was coming, and that PM Orban would feel comfortable in the Caucasus region,” he recalled. Today, by contrast, Western European leaders are lining up to visit Azerbaijan and its immediate region, he added.
Interestingly, as news keeps arriving about gas and oil discoveries, Western European leaders increasingly want photos with President Aliyev,
– FM Szijjarto stated. "But unlike them, our friendship is not based on oil or gas booms, but on a relationship founded on mutual respect, which has brought mutual benefits to both Azerbaijan and Hungary over the past years,” he concluded.
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