Hungarian Oil Giant MOL Begins Natural Gas Production in Azerbaijan

MOL Group, the Hungarian oil and gas company, has commenced commercial natural gas extraction in Azerbaijan, marking the first commercial gas production from one of the world's largest hydrocarbon deposits. The development represents a significant milestone for the Central European energy company as it expands its operations into the Caspian region. Azerbaijan's vast energy reserves have attracted major international oil companies, and MOL's entry into commercial production there strengthens the company's position in natural gas extraction beyond its traditional Central and Eastern European markets.