Hungary is expected to decide within weeks on a contract to buy 1bn cubic metres of gas annually from Romania.

Hungary in talks to buy 1bn cubic metres of Romanian Black Sea gas annually

Energo - CEE/FSU Power
By Newsbase 23 May 2026
Hungary's new government is expected to decide within weeks on a contract to buy 1bn cubic metres of gas annually from Romania's Neptun Deep Black Sea field, Index has reported, citing informed sources.
The Pakistani army chief met with the Iranian foreign minister for the second time today.

US and Iran near 60-day ceasefire extension with gradual Hormuz reopening

MEOG - Middle East Oil & Gas
By bnm Gulf bureau 23 May 2026
US and Iran are close to agreeing a 60-day ceasefire extension including gradual reopening of the Strait of Hormuz, Financial Times reports, as Pakistan's army chief leaves Tehran after productive talks.

Egypt’s Agiba Petroleum announces major gas discovery in Western Desert

AfrOil - Africa Oil & Gas
MEOG - Middle East Oil & Gas
By bna Cairo bureau 22 May 2026
Egyptian upstream oil and gas operating company Agiba Petroleum has announced a new natural gas discovery in the Western Desert with estimated reserves of 330bn cubic feet of gas, alongside around 10mn barrels of condensates and crude oil

Explosion at MOL’s petrochemical base kills one person

EurOil - Europe Oil & Gas
By Newsbase 22 May 2026
An explosion during a restart operation at a MOL petrochemical plant left one person dead and several seriously injured, in the second major incident at MOL's Hungairan units in less than a year.
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