Uzbekneftegaz national holding company and Hungary’s MOL Group signed a memorandum of cooperation in oil and gas sector on 7 November 2011.

The document envisages creation of working group, which will present report to both sides each quarter. The first report will be presented after three months from the day of signing of the document.

Within the memorandum, the sides will also carry out geologic exploration works in Uzbekistan, discover perspective fields for joint development with further production of gas-chemical goods.

MOL Group explores and mines oil and gas, processes, transports, stores and distributes oil products to Central and Eastern Europe. 

uzdaily.com

08.11.2011 09:15