Hungarian Foreign Minister Péter Szijjártó said that the Gulf region has become more valuable for global stability.Continue reading
President Katalin Novák stressed the importance of strengthening energy and economic cooperation during her visit to the Kingdom of Bahrain on Thursday.
The Hungarian head of state was received by the King of Bahrain, Sheikh Hamad bin Isa Al Halifa. Katalin Novák is the first Hungarian President to visit the Kingdom of Bahrain.
Fruitful discussion with HM King #Hamad_bin_Isa Al Khalifa on economic cooperation and our shared values such as the desire for peace. pic.twitter.com/RiHTsxvf9u
— Katalin Novák (@KatalinNovakMP) February 16, 2023
She stressed that the cultures of the two countries are very apparently different, but they are similar in terms of the protection of traditional values. Novák confirmed Hungary’s support for Bahrain’s Schengen visa waiver.
Speaking about economic relations, the president said she was pleased that a forward-looking cooperation agreement could be signed between companies from the two countries.
Photo: Facebook/Novák Katalin
Hungary’s oil and gas company MOL signed agreements with two Bahraini companies: one on increasing the efficiency of hydrocarbon production and the other on technological solutions, Attila Steiner, State Secretary for Energy and Climate Policy told Hungarian news agency MTI.
Two cooperation agreements have been signed in Bahrain between MOL (Hungarian Oil & Gas Public Limited Company) & two Bahraini companies – one on increasing the efficiency of hydrocarbon production, the other on technological solutions. pic.twitter.com/qQqjUCnpsN
— Attila Steiner (@attila_steiner) February 16, 2023
“There are technologies in Hungary that could be of interest to the Bahraini side, such as how to extract more hydrocarbons from an already depleting natural gas field or oil field,” he said. “In this agreement, Mol can transfer knowledge to the Bahraini side, and on the basis of the technology agreement the Hungarian company can demonstrate how to increase durability and make traffic quieter by using materials and additives in road construction,” Steiner explained.
Featured photo via MTI/Bruzák Noémi