Hungary’s MOL and MVM join forces to ship Azeri oil to central Europe

Hungarian oil and gas group MOL and state-owned energy company MVM will jointly charter tankers to ship up to 160,000 tonnes of crude oil a year from Azerbaijan to further diversify energy supply for Hungary and Slovakia, MOL said on Thursday.

The companies will both transport crude oil to the Ceyhan terminal in Turkey via the Baku-Tbilisi-Ceyhan (BTC) pipeline, from where it will be distributed to MOL Group’s markets, with a particular focus on Hungary and Slovakia, the statement said.