General – MoU
MOL Group has entered into a new strategic partnership with Libya’s National Oil Corporation (NOC).
The Memorandum of Understanding sets the foundation for cooperation in hydrocarbons exploration, technological innovation, and crude trading.
The memorandum of understanding was signed in Budapest by MOL Group Chairman and CEO Zsolt Hernádi and Masoud Suleman, Chairman of the National Oil Corporation (NOC).
The strategic partnership agreement sets out the framework for NOC and MOL to exchange information and jointly explore potential areas of cooperation. These include hydrocarbon exploration and production, technological and field development innovations, oilfield services opportunities in Libya, crude supply and trading activities.
