The MOL Group and Azerbaijan’s state-owned oil company SOCAR have signed a comprehensive hydrocarbon exploration, development, and production sharing agreement covering an onshore area in Azerbaijan’s Shamakhi-Gobustan region. MOL Group will serve as operator with a 65% stake in the joint exploration project, while SOCAR will hold 35%, the Budapest-based company announced on Wednesday. The […] The post MOL Secures 65% Operator Stake in Azerbaijan Hydrocarbon Project appeared first on Hungary Today .