for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up
Energy

Russia says to continue MOL talks with Hungary

MOSCOW, Nov 30 (Reuters) - Russia and Hungary discussed Surgutneftegas's SNGS.MM stake in Hungarian oil and gas group MOL MOLB.BU on Tuesday and expect to hold more talks, a spokesman for Russia's prime minister said.

“The MOL issue was discussed. The talks will be continued,” Dmitry Peskov told Reuters after Vladimir Putin met his Hungarian counterpart, Viktor Orban, in Moscow.

The issue of MOL has tainted relations since Surgutneftegas SNHGS.MM, Russia's fourth-biggest oil producer, bought a 21 percent stake in MOL in a 1.4 billion euro ($1.9 billion) deal last year, which both MOL and the then Hungarian government considered an unfriendly approach.

Surgut has said it wished to be a strategic investor, but MOL has said that having the 21 percent stake in Hungarian hands would create what they called a more stable situation. (Reporting by Dasha Korsunskaya, writing by Katya Golubkova; Editing by Alfred Kueppers and Erica Billingham)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up