BAKU, Azerbaijan, June 3. Chairman of the Management Board of Kazakhstan’s national oil and gas company KazMunayGas (KMG) Askhat Khassenov met in Baku with Zsolt Hernádi, CEO of Hungary’s MOL Group, to discuss the development of joint energy projects and expand bilateral cooperation, Trend reports.
The meeting focused in particular on the progress at the Rozhkovskoye gas and condensate field in western Kazakhstan, where KMG and MOL are joint partners. From January to May 2025, the field produced 151 million cubic meters of natural gas and 112,000 tons of gas condensate. The annual production target for 2025 is set at 527 million cubic meters of gas and 351,000 tons of condensate.
Gas from Rozhkovskoye is an important energy source for local communities. After processing into liquefied petroleum gas (LPG), it is supplied to consumers in the West Kazakhstan and Atyrau regions, helping meet household and industrial demand.
The two sides also explored potential gas-chemical projects based on feedstock from the Rozhkovskoye field. MOL Group brings strong expertise in petrochemicals, exemplified by its state-of-the-art MOL Polyol complex in Hungary. A KazMunayGas delegation visited the facility in November 2024 to study its innovative technologies and assess their potential application in Kazakhstan.
“Strategic cooperation with MOL Group opens new opportunities for KazMunayGas to attract investment, adopt advanced technologies, and exchange expertise,” said Khasenov. “We highly value our partnership with our Hungarian colleagues and are committed to its further development.”
At the conclusion of the meeting, both parties reaffirmed their commitment to strengthening strategic collaboration — not only in the joint development of the Rozhkovskoye field, but also in advancing joint petrochemical ventures.
