MOL to Acquire Stake in Giant Azeri Oil Field

Hungarian energy firm MOL is acquiring a 9.57% stake in the Azerbaijan ACG (Azeri-Chirag-Gunashli) oil field and 8.9% stake in the BTC (Baku-Tbilisi-Ceyhan) oil pipeline, the company told Hungarian news wire MTI on Monday. The deal is not surprising, as there have been several rumors earlier about the transaction. Reuters reported in October that both … Continue reading MOL to Acquire Stake in Giant Azeri Oil Field