Kazakhstan, Hungary agree on oil supply, joint energy projects

Kazakhstan and Hungary reached an agreement on oil deliveries and collaborative energy projects on Monday following discussions between Kazakh Energy Minister Almasadam Satkaliyev and Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto in Astana.

According to the Kazakh Energy Ministry, the ministers explored bilateral energy cooperation, reviewing the current state and future prospects of their respective energy industries.

The talks emphasized the efficient development of the Rozhkovskoye gas condensate field, where companies from both nations are engaged. Additionally, they discussed the supply of Kazakh oil to Hungary via the Druzhba pipeline, agreeing to initiate trial deliveries by 2025.

Kazakhstan also showed interest in Hungary’s expertise in manufacturing dry cooling towers for nuclear power plants, particularly those developed by MVM Group.

Read next

16:41

Kazakhstan - Hungary

Kazakhstan to boost trade with Hungary by 3.5 times

14:52

Kazakhstan

Kazakhstan appoints new minister amid nuclear move

Kazakhstan’s energy landscape is undergoing a major shift as President Tokayev appoints Yerlan Akkenzhenov as the new energy minister. This change comes amid the country’s push for nuclear power, marking a pivotal moment in Kazakhstan’s energy diversification strategy.

09:43

China - Kazakhstan

China and Kazakhstan strengthen bilateral cooperation

China and Kazakhstan have agreed to deepen cooperation in key areas, including trade, security, and Belt and Road projects. At a high-level meeting in Beijing, officials emphasised stronger political ties, economic collaboration, and cultural exchanges to advance their strategic partnership.

14:04

Economy

National Bank of Kazakhstan launches digital gold coin

The National Bank of Kazakhstan is launching the Gold Coin project, a digital version of an investment coin, beginning on March 17, 2025.

13:47

AZERBAIJAN-KAZAKHSTAN

Azerbaijan, Kazakhstan signed an Action Plan for 2025-2026

Azerbaijan's Foreign Affairs Minister Jeyhum Bayramov has been received today by Kazakhstan's Deputy Prime Minister and Minister of Foreign Affairs, Murat Nurtleu.