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Baku-Tbilisi-Ceyhan (BTC) Oil Pipeline Supply Agreement

Sector: Road • Location: Hungary

Source: Report.az

Project
Awarded

Hungarian MOL Group and MVM Group signed an oil trading agreement for joint deliveries of oil and condensate from the Caspian region to the Ceyhan terminal in Türkiye via the Baku-Tbilisi-Ceyhan (BTC) oil pipeline, to supply crude oil to MOL markets in Central Europe, particularly Hungary and Slovakia. The agreement aims to diversify the region's energy supply portfolio and increase the volume of

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The project “Baku-Tbilisi-Ceyhan (BTC) Oil Pipeline Supply Agreement” is an infrastructure initiative in the Road sector, located in Hungary. Taiyo aggregates data on it from Report.az.

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Description

Description

Hungarian MOL Group and MVM Group signed an oil trading agreement for joint deliveries of oil and condensate from the Caspian region to the Ceyhan terminal in Türkiye via the Baku-Tbilisi-Ceyhan (BTC) oil pipeline, to supply crude oil to MOL markets in Central Europe, particularly Hungary and Slovakia. The agreement aims to diversify the region's energy supply portfolio and increase the volume of alternative crude oil processed in MOL refineries by up to 160,000 tons per year.

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