Hungary strengthening position in global oil, gas market through co-op with Azerbaijan

Thanks to a strategic partnership with Azerbaijan, Hungarian owners are becoming owners of significant volumes of oil and gas resources, Hungarian Foreign Minister Peter Szijjarto said in a post on X following the talks between Azerbaijani President Ilham Aliyev and Hungarian Prime Minister Viktor Orban in Budapest, according to Report.

"Thanks to our strategic partnership with Azerbaijan, major Hungarian energy companies now hold stakes in Azerbaijani natural gas and oil fields. This gives them access to the global market not just as buyers, but as owners of significant energy volumes. Welcome to Budapest, President of Azerbaijan!"