Kazakhstan and Hungary have reached an agreement on test deliveries of Kazakh oil to Hungary via the Druzhba pipeline in 2025, following a high-level meeting between Kazakh Energy Minister Almassadam Satkaliyev and Hungarian Minister of Foreign Economic Relations and Foreign Affairs Péter Szijjártó.
During the talks, the ministers reviewed the current state and future prospects of bilateral energy cooperation, with a particular focus on the partnership between KazMunayGas and Hungary’s MOL Group. Both sides emphasized the strategic importance of their collaboration in the oil and gas sector, including joint participation in the Rozhkovskoye gas condensate field.
In addition to oil supplies, Kazakhstan expressed interest in Hungary’s expertise in nuclear energy, particularly in the production of dry cooling towers for nuclear power plants by MVM Group. The discussion highlighted opportunities for knowledge exchange and potential future projects in this field.
"Kazakhstan highly values its strategic partnership with Hungary. We see great potential for expanding cooperation in both the oil and gas sector and the peaceful use of nuclear energy. I am confident that joint efforts will contribute to the sustainable development of our energy systems and enhance energy security," said Minister Satkaliyev.
Both sides reaffirmed their commitment to strengthening energy ties and outlined plans for further collaboration.
Kazakhstan and Hungary Relations
In 2024, trade turnover between Kazakhstan and Hungary grew by 4.4%, reaching nearly $200mn. To achieve the $1bn trade target set by their leaders, both countries agreed to implement additional measures.
Hungary's direct investments in Kazakhstan have exceeded $370mn, with 16 joint projects worth $700mn currently underway in sectors such as energy and industry.
Notably, MOL has invested $200mn in developing the Rozhkovskoye gas condensate field in Western Kazakhstan. Meanwhile, Globalia is constructing solar power plants across various regions, and UBM Holding plans to build three feed factories worth $62mn this year.
Currently, around 30 Hungarian companies and 40 joint ventures are actively operating in Kazakhstan. Since 2005, Hungary's direct investments in Kazakhstan have surpassed $370mn.
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